Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
If this pair break avobe trendline I think, this pair next target is 2.1050 level. After break upward and retrece this trendline again we look for long position on it and use stop loss at near swing low point. Le's see what happen. keep eyes on it.
A nice bullish bar formed to continue the trend on GBPNZD. Waiting for a open above that bar.
GBP/NZD is looking bullish in the medium term. Short term, the pair should rally towards 2.0, then pullback 50% before resuming rally higher. Good luck and trade safe. --------------------------- Twitter: twitter.com Website: elliottwave-forecast.com