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davistradingforex

GBP/NZD Long

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
davistradingforex  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPNZD GBP NZD
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trendanalysis chartpattern beyondta gbpnzd gbp nzd
Sitting at weekly support. Looking at a possible Fibonacci pulback and breakout if price closes above daily trendline. I think the NZD needs to take a breath after a few weeks of strength giving the pound a chance to take over for a little while. Because of the bearish momentum, Stop is set tight and if the weekly level doesn't hold I am expecting a deep fallout for better bullish prices.

-Solid black lines are weekly levels support/resistance (major)
-Dotted black lines are daily levels support/resistance (minor)


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