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Fxprotrader
19 aug 2017 16:13

GBPNZD Key Zone to Watch for Longs Lång

British Pound/New Zealand DollarFXCM

Beskrivning

Previous structure and the lower parallel of a rising channel create a solid support zone to watch for a buy setup in case price reaches the level.
I

Kommentera

Price rallied as expected, although it didn't retraced to the support zone. It has now broken above the resistance sliding parallel of the channel and most likely it will continue going up.
Kommentarer
rmetz
It could be a nice trade if it reach the 1.81 level.
justinholtgrave
Weekly time frame shows more downside potential due to the recent strong bearish engulfing candles.
Mer