GBPNZD (1HOUR): Will we end the week on a bullish note???
Reward: 195 pips 🤑
Risk: 30 pips ❌
Risk/Reward Ratio:6.05 ✅
Chart Breakdown
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DR.Swing_Forex
Risk: 30 pips ❌
Risk/Reward Ratio:6.05 ✅
Chart Breakdown
- Daily Timeframe
Uptrend in place.
We have no trendline setups on this timeframe except two touches
of an uptrend trendline.
- 4Hour Timeframe
Uptrend in place.
3rd touch sell setup on downward trendline.
- 1Hour Timeframe
Uptrend in place.
I'm anticipating a break and re-test setup that will give us a reason to enter buys as
a result of price testing the uptrend trendline and re-testing the downward trendline.
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DR.Swing_Forex