GBPNZD buy trade idea 20 05 2021
SELL GBPNZD 1.9642
SL: 1.9672
TP1: 1.9622
TP2: 1.9602
TP3: 1.9582
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
BUY GBPUSD 1.4129
Timeframe: H1
Step 1 - Previous News: GBP: UK employment data strengthening of the UK jobs market, UK CPI increased from previous, USD: FOMC discussions on adjustment of QE in upcoming meetings if economy continues towards bank’s goals
Step 2 - Trend: Up to Down, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: ECB President Lagarde Speaks 2000hrs, USD: -
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