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PateSkpate

GBPNZD 240min Rising Channel Breakdown

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
PateSkpate Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD 240min Ascending Channel breakdown breakouttrading breakout breakoutbar swingtrading swingtrade
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gbpnzd 240min ascendingchannel breakdown breakouttrading breakout breakoutbar swingtrading swingtrade
GBPNZD has pushed it's way back up to a Daily Resistance Zone. It has formed a Rising Channel as it has pressed into Resistance and typically you will see a break to the downside. This is NOT necessarily a trend reversal but at least some relief for the short term.
Trade closed: target reached:
Trade closed +264 pips
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