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GBPNZD Technical Overviev: Bearish Correction

GBPNZD Technical Overview: Bearish Correction

GBPNZD Tested the short term support at 1.92700 and reversed.

Positive UK data may trigger the bullish move.

A Bullish Total Harmonic pattern formation at 1.92680 – 1.92540.

If the price breaks 1.92800 resistance, it may test 1.92450.

Our plan is to use pullbacks as buying opportunity. Our targets 1.93480 and 1.93800. Stop Loss 1.92300

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

Gold Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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