GBPNZD EXPECTING LONG PULLBACK TRADE

7 feb

The market is currently at the daily support level, where we expect it to move towards the buying direction. If we look at the 1-hour chart, we can see clues such as a double bottom pattern with its neckline already broken above. Now, we will anticipate the trade as follows:

Entry: 2.0662,
Stop loss: 2.0615,
Targets: 2.0717 & 2.0757.