GBPNZD Buy Idea
Pair has reached a very interesting zone and as long as the current supportive zone is holding, I'm looking to go long here.
There is potential divergence already forming and also a trend line from the bottom.
H4 - Price moving inside a range of about 500-600 pips and the bearish momentum seems to be running out of steam.
First of all look for the price to hold above this level. Next we want to see a confirmation of the reversal and only then, look to go long.
Final target would be the top of the range.
There is potential divergence already forming and also a trend line from the bottom.
H4 - Price moving inside a range of about 500-600 pips and the bearish momentum seems to be running out of steam.
First of all look for the price to hold above this level. Next we want to see a confirmation of the reversal and only then, look to go long.
Final target would be the top of the range.
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