GBP/NZD Trading Analysis (20/02/2025)
The trend is ascending. The downward wave structure is truncated. The currency pair is trading in the range between 365 and 135 ЕМАs. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the descending truncated structure.
- Stop-loss under the local minimum of the descending truncated structure at 2.2009.
- Price targets at 2.2127 and 2.2174.
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