GBPNZD: Buying Opportunity
The price reached the support zone, and we should expect a reversal with a further upside movement. RSI confirms the price reversal. The same goes for MACD histogram.
We have a buying opportunity where we can search for exact entry points in the daily and hourly charts. It is possible to follow reversal signals from the support as well as to wait for a breakout signal above the downtrend line. Stop orders must be placed below 1.94000 and the local swing low. Profit targets can be placed at round numbers. Risk per trade must be no more than 1-2% from the 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.
We have a buying opportunity where we can search for exact entry points in the daily and hourly charts. It is possible to follow reversal signals from the support as well as to wait for a breakout signal above the downtrend line. Stop orders must be placed below 1.94000 and the local swing low. Profit targets can be placed at round numbers. Risk per trade must be no more than 1-2% from the 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.
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