The market has been consolidating for weeks in a rising wedge pattern. Price is now trading at the upper trendline. Since the Non Commercial traders are heavily long on the Pound in the Commitment of Traders report, its likely that a bullish trend is on the way in GBPNZD. The best strategy here would be to wait for the breakout and retest before buying.
הערה:
Look at that ! BEAUTIFUL BREAKOUT !
הערה:
150 PIPS FLOATING ON THE BREAKOUT !. A retest should happen anytime now for another buying opportunity.
הערה:
Look at that ! Simple support, resistance and breakout analysis ! 300 PIPS ON BREAKOUT !
הערה:
400 PIPS FLOATING !
הערה:
450 PIPS FLOATING !
הערה:
GBPNZD in a short term consolidation on the faster TF before another bull run !
הערה:
The market is retesting the 2.1150 broken resistance, another opportunity to buy and join the trend !
הערה:
2.1150 broken resistance being retested !
הערה:
Strong rejection at the 2.1150 resistance (now support). The daily candle also closed as a bullish engulfing pattern !
הערה:
The uptrend resumes on the Daily TF !
Thedeveloper