GBPNZD Buy✅ 1. Inverse Head and Shoulders Pattern:
You have a well-defined Left Shoulder → Head → Right Shoulder structure. This is a classic bullish reversal pattern indicating the end of the downtrend and suggesting that price is now more likely to move upwards.
✅ 2. Trendline Support:
The price is following and respecting an ascending trendline, confirming that bullish momentum is gaining strength. This trendline gives you a defined area of support and a low-risk entry point.
✅ 3. Break and Retest:
The price appears to have broken a key resistance level (now acting as support), making the entry more favorable for a long position.
✅ 4. Strong Momentum:
The chart confirms a shift from lower highs and lower lows to higher highs and higher lows (a trend reversal), aligning with a long position.
✅ 5. Clear Risk Management:
With the entry, stop loss, and 50% take-profit point clearly marked, you have defined risk/reward, making this a disciplined and structured trade.
