FX:GBPNZD   British Pound/New Zealand Dollar
745 6 12
Clear breakout on D1 chart in a descending channel . Pair should continue it's movement until it reaches support at 2.14
I definitely see the logic, but I respectfully disagree. Structure at ~2.16 is enough to carry this out of the channel to the upside.
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What kind of structure
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Lanmar PRO forexentryideas
Structure at 2.1660.

If it breaks 2.15 I will agree with this trade and go short as well. Until then it may be a difficult battle.
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Nice setup
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Congratulations! Your chart has been selected to be highlighted as the post of the day! This is a great example of price channel analysis.
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forexentryideas walker.england
You should do this more frequently :)
Just kidding, thanks for selecting my chart.
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