New lesson learned... Zoom out to see the bigger picture. I was right all along lol. Overall uptrend it just had to test a low area before shooting up. (Count for the hesitation zone when Major QP is broken).
EU is still respecting the upward trend. Havent been this high since May 2016. could see a small retracement to the 61.8 fib and rocket off to the Daily Resistance of 1.1600. I would be shocked if price drops past 1.14500
Lets see how it plays out tonight for a Long entry.
In my previous post GBPNZD did exactly what I expected to do. This week price got rejected at 1.78750 and dropped at printed at 1.76250. GN is still ranging between 250 pips (QP). Stay tuned for my next post.
Planning for Bullish continuation for GN to trend up and break through 1.78750. If rejected price could drop down to 1.7625.
Lets see how the rest of the month plays out.
(Monthly and weekly 23.6 fib is at 1.80500)