BULLISH DESCENDING TRIANGLE LONG!
Hi guys, good morning to you.
GBPNZD seems to be breaking out of a descending triangle, with the BULLS in control. This could play out very nicely for the upside towards 2.24.
Price can't seem to break to base of the triangle, only once, but it quickly reversed. I would go long after some consolidation.
But becareful!!! RBNZ meeting and interest rate decision tomorrow so please make sure stops are in place and lets see how this goes.
Thank you, please comment any suggestions will be appreciated
GBPNZD seems to be breaking out of a descending triangle, with the BULLS in control. This could play out very nicely for the upside towards 2.24.
Price can't seem to break to base of the triangle, only once, but it quickly reversed. I would go long after some consolidation.
But becareful!!! RBNZ meeting and interest rate decision tomorrow so please make sure stops are in place and lets see how this goes.
Thank you, please comment any suggestions will be appreciated
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