We can see an attempt to break the bottom of the channel and its failure with a V-shape .
Now price is holding right above channel bottom .
Zooming into daily time frame we can see a triangle formed.
So i want to be where price is moving fast in one direction , Therefore i'll try to buy inside day before the break happens .
* If you start buying on intraday support you can catch the low of the triangle .
Best of luck :-)
Now price is holding right above channel bottom .
Zooming into daily time frame we can see a triangle formed.
So i want to be where price is moving fast in one direction , Therefore i'll try to buy inside day before the break happens .
* If you start buying on intraday support you can catch the low of the triangle .
Best of luck :-)
Note
GBPNZD 4 HOUR CHARTNote
700 pips :-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.