GBP/NZD
Our expectations: Upward movement and retracement to levels of resistance where we can position Long.
Alternative Scenario: Passing the price under the shadow of the pin bar may break the positive signal and see a new drop.
Comment: Uptrend is ascending
Price over diagonal and horizontal support
50/200SMA: 50 crosses 200 from bottom to top - positive signal
Price action: Pin support bar - Probably increase
Fibonacci: Retracement to 38.2 and false level break - positive signal
DeM turns from a surplus sales area - probably a rise in price
SL: 1.7930
Trader I. Ivanov
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