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Tuesday, August 10, 2021

GBPNZD (1HOUR): Will we end the week on a bullish note???

GBPNZD (1HOUR): Will we end the week on a bullish note???

GBP/NZD OANDA:GBPNZD

Reward: 195 pips πŸ€‘
Risk: 30 pips ❌
Risk/Reward Ratio:6. 05

Chart Breakdown

  • Daily Timeframe
    Uptrend in place.
    We have no trendline setups on this timeframe except two touches
    of an uptrend trendline.

  • 4Hour Timeframe
    Uptrend in place.
    3rd touch sell setup on downward trendline.

  • 1Hour Timeframe
    Uptrend in place.
    I'm anticipating a break and re-test setup that will give us a reason to enter buys as
    a result of price testing the uptrend trendline and re-testing the downward trendline.


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