27.11.2020
A “hammer” reversal candle pattern has formed on the H4 timeframe from the support level. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals an oversold condition.
GBPNZD rate online: monitor the price movement in real time.
Trading recommendations:
Buy at the close of the signal candle, if the “hammer” pattern persists.
Stop Loss at the local minimum: 1.9010.
Target levels: 1 — upper limit of the descending price channel; 2 — 1.9317.
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