I could see this pair is going to retrace to the blue box to find more buyers before flying up, you can Short it first and Long in the blue box area but I prefer to wait to Long this pair. As mentioned earlier, something good might happen to Cable but I am not sure what it is. It is just my prediction based on the chart.
A shooting star was formed last friday in the Daily Chart, it might be another Bearish movement but since the Trend line is broken, I assume it will move to the blue box to find more buyers before making another upside movement. The SL will be slightly below the previous low. All the best!!!!
This is my long term view on GBPNZD. The triangle has broken and now it tested the confluence area and I believe it would fly up to the moon to look for my blue line. It may takes months to reach that area. Something good might happen to Cable soon. Lets rock with it!!!
Another Jackpot that I could find in Cable if it goes well with my prediction. haha. Basically, the price has retested the broken trendline, I believe if it falls again, it is the opportunity to place Long. All the blue lines would be my targets. All the best guys!!!
I just noticed something that might be profitable to me. haha. By referring to the bigger time frame, D1. The previous Bearish Movement was seen to be the retracement in order to retest the Broken Trendline before it will move further upside. From my Fibonacci projection, I might target those 3 blue lines. ALL THE BEST!!! I predict something good might happen to...