Fxprotrader

GBPNZD Big Move In The Upcoming Weeks

FX:GBPNZD   British Pound/New Zealand Dollar
179 1 18
Price is putting pressure at a long term key level and n the next week we might see a breakout above this level. If we see the breakout, price will rally until starting a correction at the completion of a bearish bat pattern. I don't recommend trading this pattern as we might see price going beyond its D point.

If price break the long term resistance level , i will personally wait for a correction before going long. If a setup is about to complete i will update this idea.

Long term level:
snapshot


Like and comment if you agree..
Regards,
John
agree !!!
+1 Reply
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