IvanLabrie
Long

GBPNZD: Uptrend continuation

FX:GBPNZD   British Pound/New Zealand Dollar
We're long GBPNZD             from 1.8431, with stops at 1.82598. In related ideas you can see my long term NZDUSD             analysis, which makes me think this pair is due to embark in a lengthy daily/weekly uptrend soon.
After the first push, a pullback came and has given great opportunity to enter longs.
We now have to break the blue box resistance up, and trade comfortably higher and/or expand the daily range from this zone, upwards. If not in, you can risk a long with stops at 1.8423, and target the level on chart.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

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Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Trade closed manually: I closed after the news sent price down sharply, although my stop wasn't hit. Failure to break the level above implies there might be some more downside still.
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