FX:GBPNZD British Pound/New Zealand Dollar
A simple pattern: an setup. GBPNZD has one, but this one is long-term. Best seen on the weekly chart, when the pair broke above 2.10, it cleared an important technical level on an extended basing phase.
I share you the view, and in my opinion, this is the best trade for 2015, just we need to see more bullish impluses and more importnat, a breakdown to NZDUSD, the best trade will be buying it around 2.12 , hedge it if it breaks 2.1080 and close the hedge at 2.0890 and adding new buy at same point, with stop loss for the whole buy positions at 1.0850 , the first target will be 2.22 , second target will be 2.30 , third target 2.45.