09.02.2021
GBPNZD
The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals oversold conditions. A bullish divergence has formed on Awesome Oscillator. Probably a downward movement is the wave (B) of an H2 level ascending pattern.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (aS) breaks through the inclined channel of the descending pattern.
Stop loss under the local minimum of the descending pattern.
Target levels: 1.9080; 1.9173; 1.9292.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
