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GBP/NZD Potential Upward Movement

GBP/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.97903, 1.99564, 2.00732.

Key Support Levels: 1.95091, 1.94137, 1.92870.

Daily Time Frame:

The price on the higher time frame is in a clear upward movement where we can see that the market is posting higher highs and lows. This indicates that the buyers are in control of the market and might break the resistance to the upside and continue its move all the way up toward the target profit.

GBP/NZD Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the price managed to break the bullish flag to the upside after finding buyers near the support zone (previously resistance). A lower correction could be see before a new bullish impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 1.96656

TP 1 @ 1.97760

TP 2 @ 1.99564

Stop Loss @ 1.96109

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.

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