GBP / NZD
we are basically facing TO the breakout downtrend line
GBP / NZD is now trading above SMA 100,
Here we have to keep in mind that the GBP / NZD price is still below 200 SMA and we can see a divergence.
If the GBP / NZD maintains its uptrend and actually breaks the 200 SMA, we can enter the buy and keep our position open till to 1.9600 or even 2.0000.
But if the sellers take advantage of the divergence and resistance of 100 SMA, it is better to be ready for the sell trade and keep the position open till to the range of 1.8650.
Please ensure you do your own analysis before take any action
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Open Buy or Sell after confirmation of the return move
we are basically facing TO the breakout downtrend line
GBP / NZD is now trading above SMA 100,
Here we have to keep in mind that the GBP / NZD price is still below 200 SMA and we can see a divergence.
If the GBP / NZD maintains its uptrend and actually breaks the 200 SMA, we can enter the buy and keep our position open till to 1.9600 or even 2.0000.
But if the sellers take advantage of the divergence and resistance of 100 SMA, it is better to be ready for the sell trade and keep the position open till to the range of 1.8650.
Please ensure you do your own analysis before take any action
----
Open Buy or Sell after confirmation of the return move