GBPNZD buy trade idea 21 05 2021

#OPINIONLEADER# #Signal#

BUY GBPNZD 1.9751

SL: 1.9721

TP1: 1.9771

TP2: 1.9791

TP3: 1.9811

Signal Analysis by LCMS Traders

Currency Pair: GBPNZD

BUY GBPNZD 1.9751 

Timeframe: H1

Step 1 - Previous News: GBP: -, NZD: -

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both up

- Stochastic: H4 in overbought

- PSAR: bullish

Step 5 - Upcoming News: GBP: UK flash PMI 1630hrs, NZD: Retail sales next monday 0645hrs