Get started
HayatoDragonFX

GBPNZD, daily tf, 10-months descending trendline breakout

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
HayatoDragonFX  
FX:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Trend Lines Supply and Demand GBPNZD gbpnzdlong gbpnzdbuy gbpnzdanalysis priceaction priceactiontrading priceactionanalysis gbpnzdidea
4
1
supportandresistance trendline supplyanddemand gbpnzd gbpnzdlong gbpnzdbuy gbpnzdanalysis priceaction priceactiontrading priceactionanalysis gbpnzdidea
Hello my friends,

Another pair to trade for today is GBPNZD.
You can see price finally broken above the 10-months descending trend line which has acted as resistance.
This could become the beginning for GBPNZD to begin it's journey to the upside.

On the way up, i will look to add more position as price making a continuation pattern.

Buy GBPNZD 1.9050
Stop loss 1.8850
Take profit 2.0270 (6.1R)

Use only 1-2% risk
Good luck

Related Ideas

HayatoDragonFX
GBPNZD, daily tf, 10-months descending trendline breakout (2)
HayatoDragonFX
GBPAUD, daily tf, double bottom setup
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.