Breakout confirmed on 240 - Chart 3/3

FX:GBPNZD   British Pound/New Zealand Dollar
20 2 5
I would have liked to see a little bit deeper pullback and re-test, but this is sometimes all you get and the price took off like a rocket from leg 1.

Leg 3 is approaching target. (not visible on chart but fib 1.618)
2 years ago
Interesting chart, I have this one on my radar for the Asia session, but i can not clearly see a breakout using my strategy even if it looks as you also are looking for new higher lows above trend channel :)
GBPNZD at a decision point break up or bounce back
So I'm still waiting for my signal (long or short)

Keep up the good work :)
+1 Reply
FOREXEL Piphunters
2 years ago
yes the re-test is not a done deal even tho the price just made a very shallow pullback and took off higher. I would not mind seeing this pair doing a better pullback, but over all since I trade longer term I would still stay bullish. Thank you very for your input, much appreciated )
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