GBPNZD D1: BUY/HOLD TP BULLS +500/+1000 pips (sl/tp)(SWING)

27 wrz 2022

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GBPNZD D1: BUY/HOLD TP BULLS +500/+1000 pips (sl/tp)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more upside/gains
short-term and mid-term as well. BUY/HOLD IT.

🔸 Summary and potential trade setup
::: GBPNZD daily/candle chart review
::: recently hit range lows
::: previously recommended
::: buying low near 8450
::: speculative range trade setup
::: SWING trade setup / higher risk
::: trading within well-defined range
::: currently gravity pulling
::: setup still valid as of right now
::: towards range lows / premium price
::: expecting short-term losses 8500/8600
::: BULLS should focus on buying low later
::: near 8500 range lows (well defined range)
::: right now most likely short-term weakness
::: so get ready for the pullback
::: BUY/HOLD LOW later near range lows
::: best reload bulls near 8400/8500
::: TP1 BULLS +500 pips TP2 BULLS +1000 pips
::: Recommended strategy: BUY/HOLD 8500 exit 9500
::: SWING trade setup patient traders only
::: good luck traders
🔸 Supply/Demand Zones
::: SUPPLY 9600/9500
::: DEMAND 8400/8500
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK/8500
::: Sentiment outlook mid-term: BULLS/9500

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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.