GBPNZD MAKRET OPEN LONG

2019-11-16 02:19:53

GBPNZD has been in consolidation after breaking above our key level at 2.000. I believe we are finishing off this consolidation and will be breaking out to the upside. As well with current P.A, we may get a better entry on market open, and perhaps be seeing a gap to the downside, closer to 2.0125. This would give us an optimal entry for long positions and we can look for a 700 pip TP at 2.0800 . This is a big swing trade but GBPNZD is very volatile and with the fundamentals coming in the near future, these could easily help us get there very rapidly.