GBPNZD - Update 4-Apr-2016

FX:GBPNZD   British Pound / New Zealand Dollar
102 0 3
Greetings Fellow Traders,

Just an update on an idea already posted - as described before we had the potential to break higher or delay this break with a temporary move lower.

The market moved lower providing a good selling opportunity and we're finding ourselves once again on the bring of the same buy setup.

Keep an eye on the end of week close for the most advantageous buying area. This move correlates well with both my NZDUSD             outlook and GBPUSD             outlook.

Trade opportunity - once confirmed on the higher time frames (i.e. daily/weekly close above the solid blue line) the market momentum will have successfully shifted to buying. Patience is key, but once it confirms position yourself in this trade and hold for a good run.

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