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GBP/NZD analysis

1.8922 was a strong support point from where market started to back at upper level which is in favor of buyers. Hopefully the market will exceed the Alligator range. To the buyers the entry point will be at 1.9078 and the closing point is at 1.9326.

gbpnzd-d1-instaforex-group.png
 
No doubt, it’s an uptrend! But, new-year is coming so I’ll be not surprised if market breaks the 1.8924 level! I am actually waiting for deeper pullback and then obviously I’ll open a buy trade according to the overall market structure!
 
Better market analysis is needed to capture the market movement. Once traders can recover from their mistakes, it remains as a great knowledge in them.
 
Scalping is at the peak of its popularity and a growing number of traders are falling on this type. Scalping has become a center of attraction among traders and I also like this type of trading.
 
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