The GBP/NZD may be in the process of forming a bullish
1-2-3 micro pattern within a bullish
macro 1-2-3 pattern. We like this type of possible technical pattern confluence, and so we're happy to take at least a partial position on the break of the micro 2, with a stop just below micro 1 which is also macro 3. Our end goal is for a break of macro 2, aiming towards the recent swing high at around 2.054.