TradingWITS

GBP/NZD Waiting to break

Long
TradingWITS Mis à jour   
FX:GBPNZD   Livre sterling / Dollar Néo-Zélandais
GBP/NZD is trying to break its resistance.

Forming a CUP pattern on the weekly pushing against resistance at 1.9144

Daily shows an igniting rising 3 pattern, this being a good bullish sign.

The 4H is currently in an ABC pullback.

RSI Bullish across all time frames.

Will enter this trade at the break of resistance.

Entry - 1.9415

Target 1 - 1.95606
Target 2 - 1.97563
Ordre annulé:
Price is now falling away from the resistant level and did not get the buy signal, therefore trade was not entered.

This pair is still ok but i will wait for price to build back up to the resistant zone before looking for another entry.

Only the daily chart this could be forming an inverse head and shoulders, i will keep and eye on this pair and release a new signal later.
Commentaire:
As mentioned before the right shoulder is starting to form now
Commentaire:
We can see here how price formed that right shoulder on the daily before breaking through resistance and pushing up
Clause de non-responsabilité

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