PERFECT SETUP GBPNZD

2019-11-13 20:03:22

GN has recently seen a big push to the downside followed by strong NZD news. This has brought us back down to the bottom of our consolidation zone, which rests on a strong resistance turned support. We have been in a bullish trend, broker above resistance, came back down to retest and have been in this consolidation. With GBP news this week, i think it will give us a bullish GBP and can see GBPNZD seeing fresh highs. As for entry, have a wide stoploss just under the support region of this consolidation zone, targets can be set towards 2.0850