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jangseohee

GBPNZD, validate green channel please

Long
Livre sterling / Dollar Néo-Zélandais (FX:GBPNZD)  
jangseohee Mis à jour   
FX:GBPNZD   Livre sterling / Dollar Néo-Zélandais
24
150
After a multi year downtrend, this pair finally had enough in April 2013. From then on, price is trap is the green channel doing retracement not forgetting that the red channel is not broken yet.
Currently price is having a good talk at the lower green channel, should this provide a support (including a false breakdown), in short to mid term, price could rally up gradually

Certainly it would be better to wait for a green bar and completion of morning star at this support level.

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IvanLabrie
GBPNZD: Potential range trade
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