Fxprotrader
Long

GBPNZD: Soon Or Later We Should Have A Rally

FX:GBPNZD   British Pound / New Zealand Dollar
296 0 14
No median line analysis in this one but simple trendlines gives us a valid slope in which price is has been moving down for a long time. Looking at MACD we see a huge bullish divergence , a sign that this downmove is losing steam and soon we might have a reversal. I will keep an eye for a breakout above the trendline (the middle one), wait for a correction and when the correction is over i will go long. I may take a while but i will update this idea if anything is about to complete
Comment: Same as the other GBP pairs i posted a potential long trade, in GBPNZD we have the same pattern formation which in case of a breakout above the corrective structure will make us enter the market with a long position. We may see more up and down during the correction but we still look for that breakout
snapshot
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