GBPNZD => Waiting For Our Trigger To Buy!

٢٣ ديسمبر ٢٠٢٠

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on DAILY: GBPNZD is sitting around a strong support area in green so we will be looking for buy setups on lower timeframes.

on H4: GBPNZD is formed an inverse head and shoulders pattern so we are waiting for a break above its neckline to buy.

Trigger: Waiting for a momentum candle close below the gray area/neckline to buy.

and until the buy is activated, this one would be overall bearish and can still test the lower green level before going up.

As price approaches our upper blue resistance, we will be looking for sell setups.

Good luck!