GBPNZD; Bullish Opportunity Ahead Long

British Pound/New Zealand DollarFXCM

Description

⋅ Feb 24, 2016 12:34 PM

The 2.1 are had played as a massive top capping bullish thrusts several times in the past 3 years. It broke on May of 2015 and it is expected to act as support.

We also have positive HD and RD divergences on the weekly chart.

Nice buying opportunity if we get a good trigger.

Good luck,

Ali Sharif Azadeh, CFTe