Get started
CVecchioFX3e

Long GBP/NZD Breakout in Sight

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
CVecchioFX3e  
FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD
9
1
gbpnzd
GBPNZD may be on the verge of its next leg up in its multi-month channel. The recent consolidation over the past three weeks has resulted in an ascending triangle after an uptrend, a potential bullish continuation pattern.

Long GBPNZD
Entry: 2.4630
Stop: 2.4040 (-590-pips)
Target: 2.5550 (+920-pips) (ascending triangle measured move)
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.