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GBP/NZD Potential Upward Movement

GBP/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.95909, 1.96358, 1.96821.

Key Support Levels: 1.94785, 1.94476, 1.9400.

1-Hr Time Frame:

The price on the higher time frame we can see that the market reversed and broke the bearish channel to the upside and started to post higher highs and lows signaling that we are in a clear upward movement.

GBP/NZD Medium-Term Trend: Bullish

15-Mins Time Frame:

On the lower time frame, the price is trending inside a bullish channel formation where it succeeded to break the bullish flag to the upside and closed above the strong resistance around the 1.94770 NZD mark. A lower correction could be seen to the highlighled zone before a new bullish impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 1.94770

TP 1 @ 1.95665

TP 2 @ 1.95909

Stop Loss @ 1.94368

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. hi, for this latest signal of GBP/NZD, is it ok to apply same values if I order it on the MT4? it seems the pricing on TradingView (OANDA) and in MT4 are not the same.

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