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aslamhammad
Jun 15, 2015 12:40 AM

GBPNZD Long

British Pound/New Zealand DollarFXCM

Description

Well i can see price formed a inverted head & shoulder pattern, tricky thing to spot :p.....Interesting part is that we were trading above this inverted head and shoulder neckline in previous week before NZD interest rate Cut....So, it was a buy :p....Still a buy upto 2.3000 that is the main expected reversal point in my view....Later we will retest that 2.1000 Support neckline again, if it fails to break in future like in 2016, than price should swing to upside going to 2.4000 again around in 2017 :).
Comments
cooney_s
Hit your target well in advance, good eye!
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