Follow up to GBPNZD
The bullish move that began around September 26 2022 validates a larger longer term Bull structure that has been in place since the beginning of October 2016. At the moment, accumulation activities are ongoing, which can create a near term bearish environment.
However, a move like that of September 26 2022 should be tested, especially if the intraday resistance at 1.9828 remains valid. If the bullish trend is to continue for years, a good showing of strength would have to come in sooner rather than later, in my opinion; failing that, the test area could extend to 1.8650 & 1.8000. (critical level).
Basically, listening for events to trigger shorts as long as the resistance at 1.9828 area holds. #OPINIONLEADER#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
-THE END-