GBPNZD: Structure Trading With Confirmation ðŽð§ðģðŋ
āļāļĩāđāļāļąāļāđāļāļ:
GBPNZD is trading on a key daily structure support.
On 4H time frame the pair is ranging.
1.9425 - 1.945 is the resistance of the range
1.9335 - 1.9355 is the support of the range.
To buy wisely, I will look for a bullish breakout of the range's resistance. (4h candle close above the underlined area)
They open your trade aggressively or on a retest.
Goals will be 1.9545 / 1.9645
In case of a bearish breakout of the range, the setup will be invalid.
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