Market Commentary: GBPNZD

sarfarajpatel

Trader
Feb 18, 2020
14
0
6
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GBPNZD - green ENGULFING candle – price opposite from prior candle indications - price has moved higher in a channel to a significant level possible consolidation wedge area – price is above the moving averages moving upward in up order – price is back at a long term daily, weekly, and monthly level in a consolidating area following a price rise up to the same level it stayed at for weeks previously – trend following so
NOT a naked trade
price is just above the moving averages moving upward in up order – convergent MACD

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