GBPNZD: Strong Bullish Signals
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The market gives us solid bullish signals in the 4H timeframe.
The price bounced from 1.94000 support level. RSI and MACD histogram supported the reversals. Also, we have a bullish divergence, which is a trend reversal signal, as well as a double bottom.
The market tells us about possible upside movement. It is a new buying opportunity. If the price breaks the local downtrend line and SMA100, it will be possible to open long positions with stop orders below 1.94000 and the local swing low. Profit targets can be placed at 2.0000 and SMA200. Risk per trade must be no more than 1-2% from the trading capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price bounced from 1.94000 support level. RSI and MACD histogram supported the reversals. Also, we have a bullish divergence, which is a trend reversal signal, as well as a double bottom.
The market tells us about possible upside movement. It is a new buying opportunity. If the price breaks the local downtrend line and SMA100, it will be possible to open long positions with stop orders below 1.94000 and the local swing low. Profit targets can be placed at 2.0000 and SMA200. Risk per trade must be no more than 1-2% from the trading capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nota
In spite of solid bullish signals, the market keeps the downtrend. The price could not break the main downtrend line. We should search for new trade opportunities and build a new trading plan.
Penafian
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