Potential head and shoulders, analyzing resistance, targeting (~1.938 - 1.911) - GBPNZD
https://www.forexforum.co.za/attachm...1152796933.jpg
Printable View
Potential head and shoulders, analyzing resistance, targeting (~1.938 - 1.911) - GBPNZD
https://www.forexforum.co.za/attachm...1152796933.jpg
Hi All
My thoughts on GBPNZD is that the d1 chart signals that the downtrend stopped in June of the past year, form there's built a great foundation and since september was on a bullish run. Taking a look at the d1 chart there's absolutely not any reason to believe this trend will not continue with PA not indiing a change.
Taking a look at the intraday action about the 1h chart I have resistance beginning at 19550, however I dont expect it to transport, in my own opinion the reversal point or CT trade is going to be a small pocket in between 19620--19640. On the support side I visit a lot of possibility to visit 19250 and 19100 after that, but these are areas outside the intraday action.
Charts Attached
Simon
https://www.forexforum.co.za/attachm...1579677507.jpg
https://www.forexforum.co.za/attachm...5852363568.jpg
open short position at daily resistance
Sl 139016 tp 1.3648
https://www.forexforum.co.za/attachm...1594302307.jpg
Range breakout, weekly low breakout, GBP stays unsupported while AUD is getting a bid, adjust prevent loss and take profit to fit your personal risk profile and market conditions.
https://www.forexforum.co.za/attachm...4778149548.jpg
Any ideas on GBPNZD ahead of RBNZ Cash rate and Monetary policy?
Go long.Quote:
Originally Posted by ;
Thank you, Chould you share the installationQuote:
Originally Posted by ;