GBPNZD Multi TF Analysis, 29th June 2021
GBPNZD Idea
Daily Trend: Bullish
4hour Trend: Bullish
1hour Trend : Bullish
Trade scenario 1:
GN is looking solid. The daily trend has formed HH and right now HL is confirmed by tweezer bottom candle pattern
In 4H timeframe, GN has formed new HH and we'll wait for new HL to confirm the bullish is in control and we could have potential entry right there
We could see also golden cross between EMA 8 & MA 18 which also confirmed us that the bull is in control
Trade scenario 2: To consider GN bearish, we need to see a break of the last Low and form Lower Low then Lower High to confirm that bullish trend is over and seller take control.
Daily Trend: Bullish
4hour Trend: Bullish
1hour Trend : Bullish
Trade scenario 1:
GN is looking solid. The daily trend has formed HH and right now HL is confirmed by tweezer bottom candle pattern
In 4H timeframe, GN has formed new HH and we'll wait for new HL to confirm the bullish is in control and we could have potential entry right there
We could see also golden cross between EMA 8 & MA 18 which also confirmed us that the bull is in control
Trade scenario 2: To consider GN bearish, we need to see a break of the last Low and form Lower Low then Lower High to confirm that bullish trend is over and seller take control.
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