GBPNZD Long (similar to GBPAUD)

Same thing as GABPAUD, price for this pair retraced to previous support zone and bounced. I'm entering long for a long term trade on this pair.

Entry: 1.706 (or market)
Stop: 1.68
Target: couple pips below 2

Trade ist aktiv:

A breakout on the upside seems imminent. And given the previous corrective structure, this move will most probably be very impulsive.

Kommentar:

We just had a false breakout. I'll wait to see if price stabilises over the bottom trend line. If yes, I'll wait for the price to breakout from the top trend line within the channel to add.