TradingView
olly48
Feb 12, 2021 2:52 PM

GBP/NZD Breaking Out Long

British Pound/New Zealand DollarFXCM

Description

This now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing.

Could see some resistance at 1.93237, but target is 1.98013
Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
Comments
WicktatorFX
Hmm I’m short bias but I can see what you’re getting at. Thanks
More