GBP/NZD Trading Analysis (14/07/2023)

The general trend is ascending. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The rounded secondary level of 2.0480 curbs the buyers. The entry point at the pullback B is forming.
 

Trading idea:

Buy at the formation of the ascending wave structure, where the A-wave breaches the 2.05470 level (pivot 2 of the wave 5 of the descending structure).

Stop-Loss: 2.0480.

Target price levels: 2.0650, 2.0895.

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