Last time we looked into the GBPNZD pair (October 02 2024, see chart below), we issued a clear buy signal at the bottom of the long-term Channel Up, that easily hit the 2.1900 Target:
Yet again, the price got rejected at the top of the Channel Up and pulled-back where it is consolidating below the 1D MA50 (blue trend-line). In the 12 months of this pattern, this has always been an excellent technical buy opportunity, with the minimum immediate rally being +4.15%.
As a result, we feel confident buying this pair and target 2.2550.
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Yet again, the price got rejected at the top of the Channel Up and pulled-back where it is consolidating below the 1D MA50 (blue trend-line). In the 12 months of this pattern, this has always been an excellent technical buy opportunity, with the minimum immediate rally being +4.15%.
As a result, we feel confident buying this pair and target 2.2550.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.