GBPNZD POTENTIAL LONG FORMATION IN PROGRESS (BULLISH CHANNEL)

When we look at the pair there are more bullish signs and bearish signs hence we are only looking for buying opportunities.
We have listed the reasons for our bullish basis below:

1: Higher times frames show a strong bullish trend.
2: Lower bullish channel test and potential bounce.
3: Up-trendline test and bounce.
4: Pair us making new highs which signal a bullish trend.

Nothing in the markets is ever perfect and this includes pattern formations. It's not every often we see textbook-style patterns. As long as risk is managed, if we happen to get stopped, we move to the next trading setup.

Comment:

Despite the deeper than expected pull back, we are waiting for the daily time frame to turn bullish before we can consider looking for buys.

Comment:

We have see another sharp move to the upside in line with the overall all higher time frame trend. We are waiting for more confirmations before we start looking for buys.

Comment:

Price continues to be very bullish. We are waiting for correction before we can look for a low risk entry.