Bullish Structure on GBPNZD by ThinkingAntsOk

Use this as a guide to develop your setup:

Main items we can see on the Daily Chart:

a)The price is inside an ascending channel since 2017
b)Inside the channel, we can see a clear Support Resistance Zone and how the price respected several times
c)Currently, the price is above the support zone with a Pennant formation.
d)Pennant Patterns are considered continuation structures, that means that a new motive wave should come after the breakout of the structure
e)Based on that, we expect a continuation of the bullish movement if the price breaks above the Pennant. If that happens, we will be aiming at the higher trendline of the channel as the bullish target.