Fxprotrader
Panjang

GBPNZD Key Zone to Watch for Longs

FX:GBPNZD   Pound British/Dolar New Zealand
Previous structure and the lower parallel of a rising channel create a solid support zone to watch for a buy setup in case price reaches the level.
I
Komen: Price rallied as expected, although it didn't retraced to the support zone. It has now broken above the resistance sliding parallel of the channel and most likely it will continue going up.
It could be a nice trade if it reach the 1.81 level.
Balas
Weekly time frame shows more downside potential due to the recent strong bearish engulfing candles.
Balas
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