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Tr3add
Nov 18, 2016 3:29 PM

GBP NZD - Big Move possible but no bias as yet 

GBP/NZDOANDA

Description

I'm waiting for a breakout from the current consolidation, there are multiple missed pivots above price but fundamentals could weaken the pound so I could trade this on a breakout to the downside.
My ideal set up would be for price to tag the bottom of the triangle and there to be a bullish crossover on the stoch at around or just above the 50 line.
it's Friday 15.30 GMT at time of writing so I would not expect much movement between now and the start of the new week so have set chart alarms and will watch patiently.
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