GBPNZD Long - Inverted H&S as well as Cup & Handle formation
Last week GBPNZD closed above 1.97 neckline of an inverted Head & Shoulder as well as Cup & handle formation.(Watch the weekly close).
Price is very bullish on both monthly & weekly.
Initiated a long at 1.9725 and SL below 1.96. Will add to the position. See the updated 4 hourly Chart below.
Measured target profit is 2.1 (YES, you read is correct and its over 1000 pips).
However, strong resistance at 2.038 and worth taking some profit there.
Good luck.
Price is very bullish on both monthly & weekly.
Initiated a long at 1.9725 and SL below 1.96. Will add to the position. See the updated 4 hourly Chart below.
Measured target profit is 2.1 (YES, you read is correct and its over 1000 pips).
However, strong resistance at 2.038 and worth taking some profit there.
Good luck.
Dagangan aktif
If you've missed, buy the pullback at around 1.9775 with SL as per the main post. However, if you want to be conservative with the SL then 1.9690 is a good place to consider. Nota
Initiated 2nd long on successful retest of the trendlineNota
TP hit for 2nd Long and the initial trade still in play and setup and target of initial plan is still valid.
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.