BUY opportunity on GBPNZD

2019-12-08 12:12:40

FX:GBPNZD

Based on a few confirmation on #gbpnzd chart we go for buy:
1-price is at 50% retracement level of fibonacci and there is 2 scenario on it
*price will pull back to the uptrend from 50% level
*price will go down till 61.8 % level and go back to the main trend (up)

2- there is a flag pattern after a large uptrend and its preparing for next move to upper level
3-there is the double bottom pattern in weekly, daily and h4 time frame and it makes higher probability of breaking the resistance to the next level

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