GBPNZD Trade Idea / Speculation - 12 hour Long Block
GBPNZD
- 12 hour time frame
- Long block on the 12 hour and Daily.
- Momentum on the downtrend has slowed and is now creating support off the block and trend line.
- I do not follow news religiously but BREXIT appears to be happening which would strengthen the pound and NZD may be looking for a retrace as highs are being hit on many NZD pairs.
- I highlighted two bullish engulfing candles, focus on the current one on trend, and on block. I want to see price come a little lower. I have not entered this trade so no long position icon is shown.
- 12 hour time frame
- Long block on the 12 hour and Daily.
- Momentum on the downtrend has slowed and is now creating support off the block and trend line.
- I do not follow news religiously but BREXIT appears to be happening which would strengthen the pound and NZD may be looking for a retrace as highs are being hit on many NZD pairs.
- I highlighted two bullish engulfing candles, focus on the current one on trend, and on block. I want to see price come a little lower. I have not entered this trade so no long position icon is shown.