• Vasily Trader

GBPNZD: Structure Trading With Confirmation

GBPNZD is trading on a key daily structure support .

On 4H time frame the pair is ranging.

1.9425 - 1.945 is the resistance of the range

1.9335 - 1.9355 is the support of the range.

To buy wisely, I will look for a bullish breakout of the range's resistance. (4h candle close above the underlined area)

They open your trade aggressively or on a retest.

Goals will be 1.9545 / 1.9645

In case of a bearish breakout of the range, the setup will be invalid.