Hello Trader,
Similar to the
GBPAUD
trade setup, here we also have a BULLISH CYPHER PATTERN on
GBPNZD
that is very close to the completion point. Note that we also have HIDDEN BULLISH DIVERGENCE on the RSI. Keep in mind that only take regular or hidden divergences seriously, once the market starts to BREAK STRUCTURE in the direction of the divergence. This pair has also been in a strong BULLISH trend and this pattern allows us to jump into the direction of the MAJOR TREND. We also got a favourable risk to reward ratio for this setup. See the chart above for more details.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
Similar to the
GBPAUD
trade setup, here we also have a BULLISH CYPHER PATTERN on
GBPNZD
that is very close to the completion point. Note that we also have HIDDEN BULLISH DIVERGENCE on the RSI. Keep in mind that only take regular or hidden divergences seriously, once the market starts to BREAK STRUCTURE in the direction of the divergence. This pair has also been in a strong BULLISH trend and this pattern allows us to jump into the direction of the MAJOR TREND. We also got a favourable risk to reward ratio for this setup. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
