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GBPNZD H4: TP +900 pips // H*S pattern // BUY HOLD(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term
pullback before reversal later near 8800(BULLS)
🔸 Summary and potential trade setup
::: GBPNZD 4hour chart review outlook
::: H*S speculative setup
::: expecting GBPNZD to outperform
::: RISK OFF mode soon
::: in-line with my GER30 outlook
::: will boost GBPNZD mid-term
::: expecting a strong bullish BOUNCE
::: after we complete throwback/pullback
::: into mid accumulation range 8800/8860
::: overhead resistance will get re-tested
::: recommended strategy: BUY LOW 8800/8860
::: SL 100 pips TP1 +500 pips TP2 +900 pips
::: 9640/ 60 strong resistance overhead
::: so expecting pullback mode short-term
::: BULLS should get ready to BUY LOW soon
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: STRONG BULLS
::: Global Sentiment: RISK OFF / will boost GBPNZD
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.