ForceFollower
Long

GBPNZD W1: At Prior Highs

FX:GBPNZD   British Pound/New Zealand Dollar
The GBP is still strong (long-term), it's getting oversold, so its recent weakness should be overcome soon. The NZD remains the weakest currency and is overbought.
The GBPNZD             pair is in a strong short-term up trend, likely to find support at current levels and continue higher.
The caveat - in the long-term, the pair is trading in a range, found resistance at prior highs. If it fails to break through this level (about 2.105), the setup is going to fail.
Step 1: To the resistance area.
snapshot

snapshot
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Fake breakout to the upside?
+1 Reply
ForceFollower KevinSinghDhaliwal
Not so fake, I think it'll go up again, at least to 2.128. It's still in a strong up trend.
+1 Reply
KevinSinghDhaliwal ForceFollower
okay lets see
+1 Reply
Hi force follower , what is your current opinion about this pair?
+1 Reply
I don't know. It is going up with such a vigor that I think it shoud hit the upper MLH (median line parallel).
Reply
what a nice fork play - well done!
+1 Reply
Thanks.
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