piphunters
Long

GBPNZD: Don't miss this!

FX:GBPNZD   British Pound/New Zealand Dollar
961 18 37
This is going to be a huge trade to the upside when the price breaks the corrective structure, I am anticipating a break to the upside very soon, keep a keen eye on this one as the upside potential for this pair really huge.
Thanks for sharing, I like your buy set-up although I prefer a last leg lower first. In my comments you see why. Good trading to you all!

GBPNZD ending a major correction
+1 Reply
piphunters TimStuyts
yes quite possible, thanks for your view.
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Im looking this one too, waiting setup to buy.
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I especially like this setup, I took this trade on the first bullish signal at around 2.17 and riding it since than. I added to this position 2 times since and will add to it by all corrective structures (taking new shorter term trades at each breakout to the upside from the minor corrective structures) keeping the original trade open till around 2.7, that's my final target :) if price action will not break the down trend line which you presented, I will look to close my positions because it means it will make a 5 wave correction instead of a 3 wave one. (three drives instead of AB=CD). good luck to you too! ;)
+1 Reply
piphunters Koryphaeen
Thanks, it should reach your final target once it breaks out of the corrective structure, NZDUSD is already going down and when GBPUSD starts upside it will not be much of a problem.
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kmk.msp piphunters
Friday has a bearish engulfing candle. Will you still think that it will breakout soon or it will revisit previous low to form double bottom and than breakout.. I am already long @2.154. Your all trades are awesome
kmk.msp
+1 Reply
piphunters kmk.msp
Thanks, I am looking at the possibility for a break this week itself or next week latest.
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kmk.msp piphunters
thanks
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piphunters kmk.msp
my pleasure
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