Erady_Pascal

HOW TO BUY GBPNZD WITH CONFIRMATION

Long
FOREXCOM:GBPNZD   British Pound / New Zealand Dollar
Last week GBPNZD reached a weekly support cluster and we saw the loss of price momentum. Currently, the price failed to make a lower low and it's now consolidating on the level.

Once you zoom in the 1H timeframe you'll notice bullish accumulation forming an ascending triangle . Once the price breaks to the upside of the triangle it will be a very nice opportunity to buy on the retest.