GBP/NZD: horizontal trend line just broke! What's next?
Updated
Hey guys,
Taking advantage this morning of GBP's strength and NZD's weakness. This pair should be strong today.
As you can see, the orange horizontal resistance just broke to the upside with a strong bullish candle AND with volume, suggesting buyers are definitely in.
We are also above the blue thick trend line, indicating future bullish PA.
The idea is to target the next fib extension at 1.93840 levels as our first target, so a nice 50+ pip trade!
Our Target 2 (T2) would be the the following fib extension at around 1.94400 and so on.
Trade with care and show some ♥️
Jesse
Taking advantage this morning of GBP's strength and NZD's weakness. This pair should be strong today.
As you can see, the orange horizontal resistance just broke to the upside with a strong bullish candle AND with volume, suggesting buyers are definitely in.
We are also above the blue thick trend line, indicating future bullish PA.
The idea is to target the next fib extension at 1.93840 levels as our first target, so a nice 50+ pip trade!
Our Target 2 (T2) would be the the following fib extension at around 1.94400 and so on.
Trade with care and show some ♥️
Jesse
Comment
Still in this trade, waiting for some bullish actionComment
Boring PA today...Trade closed: target reached
1st target hitComment
Targeting this area now
Comment
TP2 was hitTrade closed: target reached
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