GBPNZD buy trade idea 08 10 2021

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SL: 1.9587

TP1: 1.9637

TP2: 1.9657

TP3: 1.9677

Signal Analysis by LCMS Traders 

Currency Pair: GBPNZD

BUY GBPNZD 1.9617 

Timeframe: H1

Step 1 - Previous News: GBP: UK Construction PMI slowdown in expansion, NZD: -

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touch, slow down

- Stochastic: H4 heading up

- PSAR: near bullish

Step 5 - Upcoming News: GBP: -, NZD: -

GBPNZD buy trade idea 08 10 2021

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