- November 15, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The GBPNZD pair is moving exactly as predicted on our previous analysis on September 28:
The price hit and got rejected on the Lower Highs (dashed) trend-line) of the Triangle pattern that has been holding since April 02 2020. The pair pulled-back aggressively, but this remains much in line with the 2019 W-shaped fractal, which after its own 1D Golden Cross (when the 1D MA50 (blue) crosses above the 1D MA200 (orange)), it made a new High above the Symmetrical Resistance.
This time, since the uptrend is limited to the Lower Highs trend-line, we will again buy and target this.