GBPNZD / H1 / Daily Forex Technical Analysis / 10.24.2019

24 oct 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is October 24th, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame we are looking for price action to hold above the trend line acting as support the 2.016 region. If we can continue with a bullish follow through and stay above the trend line and our stop loss we will be looking for an entry long. Entry for a Long position near the 2.01664 area, with a Stop Loss near the 2.00326 zone, and a target profit level area of 2.03497, could possibly ensure a profitable trade with a 1.37 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!