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mleader1

uptrend continuation or breakdown with pound

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
mleader1  
FX:GBPNZD   British Pound / New Zealand Dollar
Supply and Demand Trend Lines GBPNZD gbpnzdlong
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supplyanddemand trendline gbpnzd gbpnzdlong
this is a low risk setup. DXY needs correction, Pound needs a breath, NZD showed weakness. current price has just rose after breifly touched below the lower side of the uptrend channel, so I'm biased that the price will continue to rise. Immediate target is 1.9823, after which I will trail it.
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