GBPNZD - Bullish Momentum Expected from Key Support Level
GBPNZD is currently forming a Harmonic Pattern (XABCD) along with a Trendline on the 4-hour time frame. This pattern indicates potential price reversals or continuations based on Fibonacci levels. Point D of the pattern is situated at a key Support level, suggesting a possible bullish momentum.
Entry and Stop Loss:
Based on the analysis, the entry point is identified at 2.09390, with a stop loss set at 2.08300 to manage risk in case of unexpected market movements.
Take Profit Targets:
Three take profit targets are proposed:
TP-1: 2.10480
TP-2: 2.11557
TP-3: 2.12660
These targets are strategically placed to capture potential price movements in the bullish direction.
Conclusion:
Considering the Harmonic Pattern formation, trendline support, and key support level at Point D, the analysis suggests a bullish bias for GBPNZD. However, traders should closely monitor the price action and adjust their positions accordingly as the market evolves.
Entry and Stop Loss:
Based on the analysis, the entry point is identified at 2.09390, with a stop loss set at 2.08300 to manage risk in case of unexpected market movements.
Take Profit Targets:
Three take profit targets are proposed:
TP-1: 2.10480
TP-2: 2.11557
TP-3: 2.12660
These targets are strategically placed to capture potential price movements in the bullish direction.
Conclusion:
Considering the Harmonic Pattern formation, trendline support, and key support level at Point D, the analysis suggests a bullish bias for GBPNZD. However, traders should closely monitor the price action and adjust their positions accordingly as the market evolves.
Dagangan ditutup: sasaran tercapai
TP-1 reached. Hold your trades for TP-2 & TP-3.
Use trailing Stop Loss...
Dagangan ditutup: sasaran tercapai
TP-2 & TP-3 Reached.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.