GBP/NZD Trading Analysis (11/07/2025)
The trend is ascending, and the currency pair is trading within the 365-135 EMA range. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy when the ascending wave structure forms and the A-wave breaches the 2.25097 level (pivot 2 of wave C).
- Stop-loss at 2.2470.
- Price targets are 2.2590 and 2.2700.
#gbpnzd #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor