GBP/NZD Trading Analysis (03/09/2025)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy when the ascending wave structure begins to form, when the A-wave breaches the level 2.2850 (pivot 2 of the wave С).
- Stop-loss below the local minimum of the descending structure.
- Price targets are 2.2990 and 2.3075.
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