GBP/NZD Regular Bullish Divergence At L3 Support
Nenad Kerkez | Mar 04, 2015 05:02AM ET
GBP/NZD is showing regular bullish divergence right at support. We can see POC forming at 2.0320 region , where the price has made a double bottom and divergence right at L3 camarilla level. We also see head and Shoulders pattern formed but from risk to reward perspective taking a long at support is better then shorting it especially due to L3 support and divergence. In the case of bullish price action 2.05200 could be reached and only the break of L3 with a retest will target L4 region at 2.01751.
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