GBPNZD Long 2Hr

27 Eki 2020

GBPNZD

We have a Demand Zone around 1.93469, although we have an area where three pitchfork lines intersect above this area.

The lower median line of the red Schiff Pitchfork, the median line of the black Andrew's Pitchfork and the median line of the blue Andrew's Pitchfork (identified on a lower timeframe) all cross around 1.94025 at 2am 29th October UK time and should act as support provided price breaks through the median line of the blue Pitchfork, which has been resisting price so far, although price is stalling.

I will be looking to go long after a break through this blue median line with a RSI divergence on a lower timeframe.