GBPNZD - BULLISH DIVERGENCE WITH PINBAR
In this post I will show you my view on GBPNZD pair. On daily chart, we can see there is a bullish divergence accompanied with a bullish pinbar. The price has been moving downward but these signals could be the sign for a reversal.
On the lower time frame, 4 hour chart, we can also see a bullish divergence. I personally prefer to buy this pair, targeting around 1.87 level.
Because we are using daily and 4 hour chart, we should expect to wait longer for the price to move.
Good luck, happy trading!
Rico Ferdinand Yapotra
Chart Disclaimer : This is not advice or recommendation to trade. It is pure educational and general information only. Do your own research before you decide to buy/sell the markets. Be aware of the risks.