According to the GBPNZD situation it's a important price. because :
1. The waves shows that the slop of bearish legs is increasing and the time of bullish legs is increasing too. these two contradict each other.
2. we have a bullish trend line and a support level (2.20911 -2.21792) at
the daily timeframe that price can revers there.
3. also we had a strong bearish movement. and above price is a resistance level (2.23268) too.
these all shows that we should have two scenarios :
1. after a good candlestick on the support level (2.20911 -2.21792) and trendline and break the resistance level (2.23268) in daily or 4H timeframe we can buy.
2. after breaking the support level (2.20911 -2.21792) and the trendline with a strong bearish candle at daily or 4H timeframe we can sell.
the targets of both scenarios is evident.
after the scenarios happen i will update the analysis.
It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
1. The waves shows that the slop of bearish legs is increasing and the time of bullish legs is increasing too. these two contradict each other.
2. we have a bullish trend line and a support level (2.20911 -2.21792) at
the daily timeframe that price can revers there.
3. also we had a strong bearish movement. and above price is a resistance level (2.23268) too.
these all shows that we should have two scenarios :
1. after a good candlestick on the support level (2.20911 -2.21792) and trendline and break the resistance level (2.23268) in daily or 4H timeframe we can buy.
2. after breaking the support level (2.20911 -2.21792) and the trendline with a strong bearish candle at daily or 4H timeframe we can sell.
the targets of both scenarios is evident.
after the scenarios happen i will update the analysis.
It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
交易進行
As long as the price is above (2.20911 -2.21792) support level the trend is bullish.
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