GBPNZD: Entry LONG now on this PULLBACK (Signal)

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🟢Forex Pair:
GBP/NZD

⚪Technical Analysis:
Since the beginning of January 2021, the price has been following a strong uptrend, reaching and getting a rejection on the resistance level at about 1.91990.
It got a correction, perfectly matching with the 0.50% of Fibonacci retracement and a daily support zone at about 1.89000.
During its trend correction, the price created an interesting falling wedge pattern, breaking through its dynamic line just few hours ago.

🔴Conclusion:
I'm confident to see the price rising again until the next resistance zone at about 1.92000 and I'll open my long trade once I'll confirm the validity of the pullback on its dynamic line.

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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,
Gianni

Trade geschlossen: Ziel wurde erreicht:

We reached the target, closing with +143 pips!
Thanks for your support!