GBPNZD - Trend reversal expected...
As I said in my analysis on EURNZD and GBPAUD, I expect a reversal in the next hours or days. The price has tested the top of its channel which may announce a trend reversal.
I identified a bullish trend line where the price could trigger a rebound somewhere around the 38.20 fibonacci level.
Entry 1: 2.0300
Entry 2: 2.0400
Stop loss: 2.0520 (Above the top of the channel)
Take profit: 1.9950 (38.20 fibonacci level)
Partial profit is taken as soon as the price is 150 pips in profit.
I identified a bullish trend line where the price could trigger a rebound somewhere around the 38.20 fibonacci level.
Entry 1: 2.0300
Entry 2: 2.0400
Stop loss: 2.0520 (Above the top of the channel)
Take profit: 1.9950 (38.20 fibonacci level)
Partial profit is taken as soon as the price is 150 pips in profit.
Trade closed: target reached:
+350 pips
