GBPNZD correction to 1.89600 (swing)
Hello everyone. This is the first analysis I share.
GBPNZD broke a very important trendline (you can see it clearly in H4). It has created new HH and the previous resistance became support. It did a fakeout thought but the trade is still valid. I expect the price to reach the next resistance in the zone of the 1.8600 ( 87 pips until then). But overall. I expect a higher move up as a correction of the 2200 pips drop since October. I expect the price to reach at least the 38.2 area on the fib at 1.89600 ( this zone an important support and resistance zone, to see it, go check on the H4 timeframe.) So, first tp 1.86, second, 1.893 ( to be sure). ENJOY THE RIDE MY FRIENDS
GBPNZD broke a very important trendline (you can see it clearly in H4). It has created new HH and the previous resistance became support. It did a fakeout thought but the trade is still valid. I expect the price to reach the next resistance in the zone of the 1.8600 ( 87 pips until then). But overall. I expect a higher move up as a correction of the 2200 pips drop since October. I expect the price to reach at least the 38.2 area on the fib at 1.89600 ( this zone an important support and resistance zone, to see it, go check on the H4 timeframe.) So, first tp 1.86, second, 1.893 ( to be sure). ENJOY THE RIDE MY FRIENDS