GBPNZD: Trend Continuation Trade Long

British Pound/New Zealand DollarFXCM

Description

⋅ Jan 25, 2015 9:25 AM

Price has broke and closed above the previous structure level. We will be bullish bias and look for long opportunity should price retest the area.

GBPNZD

Comments

FreeGekko

⋅ Jan 25, 2015 10:07 AM

Why aren't you looking at the long term channel that the price has respected for the past few months? It hasn't broken any major trend line or structure.

KarYong

⋅ Jan 25, 2015 12:05 PM

you are also right. It also depends on what timeframe is your trading timeframe.