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glennmercer
Jul 7, 2015 3:22 AM

GN Wolfe Wave Long to 2.373 Long

British Pound/New Zealand DollarFXCM

Description

Update 2: Stopped Out
Update 1: Close above highs - Trade is Active

Possible Wolfe wave setup on GBPNZD. Long on 60m close above recent highs. After resistance at 2.339 is broken there is little to hold the pair back from reaching the 2.36-2.37 TP zone. Trade will become invalid if price closes below bottom of parallel channel.
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