Are you monitoring the GBPNZD? Check this out
Take a look at its weekly chart:
I know, this is the weekly chart, and it is kind of complicated to use the weekly chart to take intraday trades.
But let me tell you something, the insights that you can get off both, the weekly and the daily charts can be invaluable.
For instance, after looking at these two charts, I know I’m going to be looking only for long opportunities on the GBPNZD until it reaches the next LT resistance level at 2.0481
What do you think?
Have a great week ahead!