In a previous Trade Idea I predicted that GBPNZD would break out of channel long. GBPNZD broke the channel short to continue long term down trend. If the bottom of the channel turns into resistance, GBPNZD will likely continue south down to the next major S/R zone. You can see full analyses for the original GBPNZD Long break out
On the first bearish candle...
The GBPNZD touched a low last week that has not been touched since March 20th. GN has entered a consolidation channel since touching the low. The break out price of 2.0040 is also confirmed on Point & Figure 20x3 box. You can see the detail description of the setup and charting steps at thesignalrocket.com
