GBPNZD Buy Setup – Bullish Structure Building Up
Weekly Overview
Price has tested and held at a strong weekly support level for the past 4 weeks. Last week closed with a bullish candle, showing signs of accumulation and potential upward continuation.
Daily Chart Explanation
Price is moving sideways, but multiple bullish momentum candles are visible within the range. This suggests that buyers are actively absorbing selling pressure despite the consolidation.
4H Chart Explanation
The 4H timeframe has broken above the EMA and remains above it, signaling a shift in trend. I will wait for a retracement back into the discounted zone before looking for a buy setup. A bullish structure and strong price action confirmation will be key to validate the entry.
Plan
🔹 Bias: Bullish
🔹 Entry: Wait for price to retrace into 4H discounted zone and form bullish structure
🔹 Targets:
• TP1 – Recent 4H high
• TP2 – Daily resistance zone
🔹 Invalidation: Break and close below the recent 4H higher low or back below 50EMA
Price has tested and held at a strong weekly support level for the past 4 weeks. Last week closed with a bullish candle, showing signs of accumulation and potential upward continuation.
Daily Chart Explanation
Price is moving sideways, but multiple bullish momentum candles are visible within the range. This suggests that buyers are actively absorbing selling pressure despite the consolidation.
4H Chart Explanation
The 4H timeframe has broken above the EMA and remains above it, signaling a shift in trend. I will wait for a retracement back into the discounted zone before looking for a buy setup. A bullish structure and strong price action confirmation will be key to validate the entry.
Plan
🔹 Bias: Bullish
🔹 Entry: Wait for price to retrace into 4H discounted zone and form bullish structure
🔹 Targets:
• TP1 – Recent 4H high
• TP2 – Daily resistance zone
🔹 Invalidation: Break and close below the recent 4H higher low or back below 50EMA
Сделка активна
I have opened a buy position.Сделка закрыта: достигнута тейк-профит цена
Near to my target, I closed manually.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.