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VasilyTrader
Jul 9, 2020 6:18 AM

GBPNZD: Bullish Continuation Setup Long

British Pound/New Zealand DollarFXCM

Description



Ascending triangle formation on GBPNZD.

the leg preceding this pattern is bullish and it makes me bullish biased on this pair.

the price is currently attempting to violate the horizontal resistance of the triangle.
in the case of 1H candle close above, the price will most likely keep growing.

next goals:
1.9240
1.9278

best entry is on retest,
safest stop is below the last higher low.
Comments
mentalHead9943
I've been in this trade for a sell since yesterday evening, when do you expect it to begin to drop?
ProjectSyndicate
nice work. thank you for sharing.
VasilyTrader
@ProjectSyndicate, you are welcome)))
simtrader19a
VasilyTrader
@simtrader19a, good outlook!
Ferzinha
I've back tested most of ya setups & man you're King 🔥of Technical analysis!
VasilyTrader
@Ferzinha, thank you 😊
VasilyTrader
Are you also bullish on GBPNZD?
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