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VladimirRibakov
Jul 27, 2017 9:53 AM

GBPNZD Buy Idea Short

BRITISH POUND / NEW ZEALAND DOLLARICE

Description

Pair has reached a very interesting zone and as long as the current supportive zone is holding, I'm looking to go long here.

There is potential divergence already forming and also a trend line from the bottom.

H4 - Price moving inside a range of about 500-600 pips and the bearish momentum seems to be running out of steam.

First of all look for the price to hold above this level. Next we want to see a confirmation of the reversal and only then, look to go long.

Final target would be the top of the range.
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