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TomKirk
Jun 30, 2018 8:25 PM

GBPNZD Long Long

British Pound/New Zealand DollarFXCM

Description

-30 Week, well defined continuation symmetrical triangle
-Upper boundary closely following weekly 200SMA
-Above weekly 50SMA
-Found support daily 200SMA and is now back above 50SMA also

30 basis points planned
Will monitor for a favourable risk/reward entry

Comment

Will be paying attention to the 50 & 200 SMA as have been pretty responsive

Comment


Not exactly trade-able (at least not according to my rules), but I do think this minor cup and handle could see us testing the upper boundary soon

Comment

Perhaps this is whats occuring

Comment

New interpretation with orders
More