GBPNZD - Just an idea!
Technical view:
Beautiful channel/ Trendline down now concentrate on that. Now yes could be pattern wise a cup & handle pattern - but it hasn't broken out yet ... Look at the price and the wicks of the candles on knowing who's in control. Above and out of this channel bulls can gain control towards 200 EMA. However, if we break below the range we are in expect us to retest the recent lows of 1.89250/100 areas.
Keep it as simple as possible with the great R/R trade ideas.
Key tip: Don't forget to follow your own trade plan that's what really matters.
Have a great day ahead,
Trade Journal
Technical view:
Beautiful channel/ Trendline down now concentrate on that. Now yes could be pattern wise a cup & handle pattern - but it hasn't broken out yet ... Look at the price and the wicks of the candles on knowing who's in control. Above and out of this channel bulls can gain control towards 200 EMA. However, if we break below the range we are in expect us to retest the recent lows of 1.89250/100 areas.
Keep it as simple as possible with the great R/R trade ideas.
Key tip: Don't forget to follow your own trade plan that's what really matters.
Have a great day ahead,
Trade Journal
Comment:
took longs again today, took it off I will be waiting for break above higher then to continue the momentum to the upside
Comment:
91 half areas is key resistance.
Trade closed: target reached