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VladimirRibakov

GBPNZD Buy Idea

Short
British Pound / New Zealand Dollar (FX_IDC:GBPNZD)  
VladimirRibakov  
FX_IDC:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis bearishcycle Bullish Trend Line range Trend Line Break
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trendanalysis bearishcycle bullishtrendline range trendlinebreak
W1 - Bearish cycle completed.

D1 - Good up trend line has formed.

H4 - Price broke above the range and is still holding

H1 - We had two false breaks. We will be applying the double trend line breakout principle here. After the breakout of the first trend line wait for the double wave correction to complete itself and go short with the breakout of the most recent trendline.
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