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GBP/NZD ANALYSIS
WE CURRENTLY HAVE A DEFINED UPTREND WITH POTENTAL BREAKOUT TO THE UPSIDE.
OUR 50EMA IS CURRENTLY ABOVE THE 200EMA MEANING THAT THE MOMENTUM IS ON THE BULLISH SIDE
THE MARKET HAS NOT BEEN TESTING THE 50EMA AS SUPPORT
WE ARE CURRENTLY AT A DAILY LEVELOF STRUCTURE.
MEANING THAT:
- WE WILL WAIT FOR A BREAKOUT OF THIS PATTERN CONTINUATION, ONCE BROKEN WE WILL WAIT FOR A RETEST AND A POSSIBLE ENGULFIN ENTRY
OUR 50EMA IS CURRENTLY ABOVE THE 200EMA MEANING THAT THE MOMENTUM IS ON THE BULLISH SIDE
THE MARKET HAS NOT BEEN TESTING THE 50EMA AS SUPPORT
WE ARE CURRENTLY AT A DAILY LEVELOF STRUCTURE.
MEANING THAT:
- WE WILL WAIT FOR A BREAKOUT OF THIS PATTERN CONTINUATION, ONCE BROKEN WE WILL WAIT FOR A RETEST AND A POSSIBLE ENGULFIN ENTRY
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