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Breakout and reversal on GBPNZD
British Pound / New Zealand Dollar
Long
Breakout and reversal on GBPNZD
By ForexTrendline
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May 6, 2021
6
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May 6, 2021
In April we saw a clear downtrend on GBPNZD.
The pair couldn't make another lower low and it broke out.
This gives us a trend reversal opportunities.
Today is a very important day for the GBP due to BOE interest rate decision as well as the elections in Scotland.
That means we will see big moves!
If you don't want to take on any risk, then wait for a higher high!
But if you're looking for a greater risk to reward ratio, then make sure to check out this opportunity.
BOE
GBP
GBPNZD
interestrates
NZD
reversalpattern
Support and Resistance
Trend Analysis
Trend Lines
trendreversal
ForexTrendline
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