GBPNZD Long!! Ascending Triangle
GBPNZD has been consolidating for about 10 months now, in what looks to be an ascending triangle. Series of higher lows on the high time frame,holding above May 2017’s high of ~1.089 and HTF EMAs means a bullish direction. Successful breakout of this range would take price to a measured target to about ~2.09.
PLAN OF ACTION : Long the retrace on the daily block at ~1.9262 - 1.9387, drill down to lower time frame on trading sessions for better entries and weekly/daily open strategy to be applied too. First target is the 2017 high, few pips shy of ~2.0 and ultimate target of around ~2.09. Invalidation of this trade idea is at ~191502, then we evaluate after. Good Luck
PLAN OF ACTION : Long the retrace on the daily block at ~1.9262 - 1.9387, drill down to lower time frame on trading sessions for better entries and weekly/daily open strategy to be applied too. First target is the 2017 high, few pips shy of ~2.0 and ultimate target of around ~2.09. Invalidation of this trade idea is at ~191502, then we evaluate after. Good Luck
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