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Gbpnzdbuy

Analysis on GBPNZD 16.09.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.9620 • Take Profit Level: 1.9750 (130 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.9400 • Take Profit Level: 1.9350 (50 pips) USDJPY A possible long position at the breakout of the level 108.25 EURUSD A possible long position at the breakout of the level 1.1110 USDCHF A possible long position at the breakout of the level 0.9900 GBPUSD A possible long position at the breakout of the level 1.2505
by PaxForex
GBPNZDThis is pure technical outlook and I am aware that BREXIT fundamental facts will certainly take place in confirmation or invalidation of the setup. As my primary goal is to follow what market does - I prefer long positioning because: 1. bullish prints of reversal are very strong; 2. 2 harmonic patterns might be filled in the supply ( the first one is a Gartley pattern and the second one is a Butterfly pattern ) and I am fine with both 3. my intention is to get long at the best price and I will look for it as the new trading week starts because market simply retraces part of the leg from the previous week ( this thing is like a habit and I saw it every Monday for last 7 years).
Long
by AndreyHutton