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ldiary

Formation of a bullish trading channel

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
ldiary Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
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For the second time, the GBPNZD pair is above the cloud. Hopefully this time it can form a bullish trading channel that we can take advantage of.
Comment:
Comment:
We're back just a little bit higher than we were last week.

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Comment:
We are now on the sweet spot and I'm already in the trade. I am not going to trade the possible last one move down, and will look for every possible upward setups instead.
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Comment:
Made successful day trades on this pair last week. I have no open position now, which could be good since the pair might still be in a correction mode. I will not hesitate to take long positions again on every pullback especially near the sweet spot.
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