FX:GBPNZD   British Pound/New Zealand Dollar
295 5 12
Expecting on chart scenarios . The price once again rejected right at 2.37xxx area, PA did try to it once on 22nd july to break this area but failed and did some down move. once again price came to this level and immedieatly move away from it to down side.

I will be waiting either to buy near the broken trendline or on break of that resistance at 2.371x area . I favor the breakout for now.

Will post the chart once one of the expected direction gets active.
I am a Chart Slave.Thank you TradingView and @nmike.
moneymaking
a year ago
Hey Gc, we also could've had a perfect bearish cypher pattern, BUT the market never touched the 127.2% extension level to make a VALID "C" point completion. Thus, the pattern is invalid according to my rules. My view on this pair is BULLISH. All the BEST mate :)

snapshot
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GcNaif MOD moneymaking
a year ago
thanks mate, overall its bulllish but that area 2.37 needs to broken and pa should stay above it for a while for more move up
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moneymaking GcNaif
a year ago
Yes, getting a break of the level would definitely add more confidence in the overall bullish sentiment :)
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Same view, this level is very significant, I'm long gbpusd and short nzdusd, same deal, up 0.4% now.
Will look to book profits once I'm past 1%.
Buying the dip here will be smart.
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GcNaif MOD
a year ago
Update : made some handsome pips today trading this box in yellow
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