Long term buy on GBP/NZD
The pair has been respecting the ascending trendline support from Mid October and this trendline was a resistance prior, during September.
Now looking for a breakthrough on a recent descending trendline resistance.
This projection would fail if the price bounce back at the current downslope resistance and breakthrough the current support.
K I N G $$$ L L D
#CHILA_NTWANA
Now looking for a breakthrough on a recent descending trendline resistance.
This projection would fail if the price bounce back at the current downslope resistance and breakthrough the current support.
K I N G $$$ L L D
#CHILA_NTWANA
Note
The price broke through the 'descending trendline resistance' with a lot of bullish noise(strength), which makes the long trade valid. Can also expect a retest on this trendline.
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