GBP / NZD another potential entry opportunity for buy.
Aggiornato
https://www.tradingview.com/x/D9VSHFV3/
Description :
On a daily TF we can clearly see on the picture 1 , there has been H & S pattern formation , price has then came back to neckline and shooed off to the upside.
i have personally missed the setup earlier , however chance is there for us to enter another time from a 2.15500 PSY level with a stop loss of around 35 pips to spare.
Entries condition are simple and aligned with the trade and H&S patterns normally, as the price is forming a mini support zone , we could potentially look to enter from those area if the current price retest the area. retest on those area on LDN OR NY will be very idle for entries.
the 200 ema in DTF supports the uptrend .
Look to enter the trade from smaller TF on given 2.15500 level ( if the price comes to the area ) , but trade can be taken with individual preference and entry and risk management ideas.
Description :
On a daily TF we can clearly see on the picture 1 , there has been H & S pattern formation , price has then came back to neckline and shooed off to the upside.
i have personally missed the setup earlier , however chance is there for us to enter another time from a 2.15500 PSY level with a stop loss of around 35 pips to spare.
Entries condition are simple and aligned with the trade and H&S patterns normally, as the price is forming a mini support zone , we could potentially look to enter from those area if the current price retest the area. retest on those area on LDN OR NY will be very idle for entries.
the 200 ema in DTF supports the uptrend .
Look to enter the trade from smaller TF on given 2.15500 level ( if the price comes to the area ) , but trade can be taken with individual preference and entry and risk management ideas.
Nota
Nota
Starting to see some rejection candles from the psy level of 00 , lets see how the trade unfolds on upcoming day for potential buy in the future.
Ordine annullato
Trading cancelled as of now as I just checked to the left ( marked red zone ) price had already reached the previous strong supply zone and reversed back , so just not trading these pair as of now .
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