FX:GBPNZD   British Pound/New Zealand Dollar
25 1 0
Potential for a Long trade

Price looks to be approaching a couple of areas of interest

200 MA shows a gradual move up in line with the longer term uptrend line

Moving Averages (Purple and Red) look likely to crossover to reaffirm the up move

Since price has broke the counter downtrend line (and retested & rejected) it presents an opportunity to enter a long trade

Two Take Profit targets highlighted in yellow

Only remain in for the second target if price breaks the target 1 area and retests the support areas before then progressing up.

Nica521
2 years ago
I think you might be right...but after the 2.08 I am thinking its going to fall to around 1.9888 - Look at the weekly and monthly TFs and you will see what I mean. All the best with it :-)
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