GBP NZD - Big Move possible but no bias as yet
I'm waiting for a breakout from the current consolidation, there are multiple missed pivots above price but fundamentals could weaken the pound so I could trade this on a breakout to the downside.
My ideal set up would be for price to tag the bottom of the triangle and there to be a bullish crossover on the stoch at around or just above the 50 line.
it's Friday 15.30 GMT at time of writing so I would not expect much movement between now and the start of the new week so have set chart alarms and will watch patiently.
My ideal set up would be for price to tag the bottom of the triangle and there to be a bullish crossover on the stoch at around or just above the 50 line.
it's Friday 15.30 GMT at time of writing so I would not expect much movement between now and the start of the new week so have set chart alarms and will watch patiently.