byo9

Potential LONG till week end

Long
FOREXCOM:GBPNZD   British Pound / New Zealand Dollar
It appears that price is continuing with its Bullish momentum which started from 15/02/19. From the 1D chart, price initially retraced on 25/02/8 as 0.5 fib level giving a very strong 3rd Elliott wave . Now price is its 5th wave following a Bullish engulfing candle from yesterday .Hence i predict price to continue on the uptrend till it reaches the 1W resistance (1.96682) which would yield excess of +220pips , if trade is entered ( at time of writing)