Triangle Wave of GBPNZD, Further Advance
Updated
As discussed in previous post about NZD, the dovish bias may further drive the NZD moving down. Divergence among policies between BOE and RBNZ will further drive the pairs moving higher.
Technically, in Daily Chart, the pair is supported by the rising cloud and 200 MA, meanwhile, a triangle wave is forming within the potential impulse wave structure.
If price break out the platform or flag, heading to extension levels near 1.9100, which is also a previous high area in May.
Since the pair is unstable, if u decide trade this pair, please be careful about its huge volatility , and better trade with small position and relative large sl space.
Technically, in Daily Chart, the pair is supported by the rising cloud and 200 MA, meanwhile, a triangle wave is forming within the potential impulse wave structure.
If price break out the platform or flag, heading to extension levels near 1.9100, which is also a previous high area in May.
Since the pair is unstable, if u decide trade this pair, please be careful about its huge volatility , and better trade with small position and relative large sl space.
Note
TP1 hit
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