GBPNZD has completed a bullish crab at the moment.
As the bigger trend is still down, it will be prudent to wait for some resistance trendline to be broken before we go long.
Worse case scenario, GBPNZD might head lower to complete a 1902 crab before reversing.
Alot has to do with price action over the next few hours/days.
If price breaks trendline resistance and we go long, stops has to go below XA 2.0
Targets will be AD 382 and 618.
Good luck and good trading everyone!
As the bigger trend is still down, it will be prudent to wait for some resistance trendline to be broken before we go long.
Worse case scenario, GBPNZD might head lower to complete a 1902 crab before reversing.
Alot has to do with price action over the next few hours/days.
If price breaks trendline resistance and we go long, stops has to go below XA 2.0
Targets will be AD 382 and 618.
Good luck and good trading everyone!