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the5erstrading

GBPNZD POTENTIAL CHANNEL?

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
the5erstrading  
FX:GBPNZD   British Pound / New Zealand Dollar
Supply and Demand Double Top or Bottom Parallel Channel GBPJPY Double Top upside
5
0
supplyanddemand doubletoporbottom parallelchannel gbpjpy doubletop upside
Been watching this pair closely over the past few weeks as it trends in a nice manner, reached what could be a fake top or a reversal.

While we do have a prominent double top formation, I am not overly confident in it to swing the direction of the pair.

Keep an eye on a entry point to continue to the upside, I think this channel will be a great entry point.

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