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GBPNZD: Waiting For Breakout

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ekran görüntüsü

Classic moment of confusion on GBPNZD pair.

From buyers perspective, we see a major rising trend line
that serves as a safe point to buy from.

From sellers perspective, the market remains bearish from the beginning of the month
and the price keeps falling within a falling parallel channel.

To clarify the direction of the next swing move, I suggest waiting for a breakout.

In case of a bullish breakout of a falling channel,
a bullish continuation will be expected.

In case of a bearish breakout of a major trend line,
the market will most likely drop sharply.

Wait for a breakout & follow the market.

What do you think will happen?
Not
Check my new analysis on EURUSD:
EURUSD: Bullish Continuation Continues

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.