FOREXEL
Long

A trend reversal on the way or..

FX:GBPNZD   British Pound / New Zealand Dollar
256 21 6
If 2.09154 holds then we have a successful breakout re-test with a clear target at 2.25005.

One sometimes gets blind of these intradays moves and I have another trade idea of shorting this one big time posted...well it seems I have to change my mind since this pair has gone from a downtrend to ranging and now heading for a trend reversal.

Even if the pound fails this first breakout and re-test attempt I dont think it will pullback that far and will hit these levels very directly after.

I dont know about you but I wont say no to roughly 1500 ( ish             ) pips taking a set and forget trade from this level. I have a similar scenario posted about EURNZD             as well.
Like a rocket it went!
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still holding? It seems to have reversed heading to 2.1
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so close to target i can smell it. it cant get better than this
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ohitsZoya FOREXEL
You can smell it ? lol
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im currently holding my long on this pair from 2.01 with TP at 2.4 what do you think
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FOREXEL anwar.mashni
as long as you can take the pullbacks you are good
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are we talking about a specific major pullback?
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FOREXEL anwar.mashni
yes since we trade the weekly chart there is still a risk of a good pullback. the weekly breakout re-test needs to be reinforced by daily tests to break it
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FOREXEL anwar.mashni
check thwe daily for possible pull back levels, play it safe - this pair can travel 300 pips in a day easily
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thanks! :D
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