GBPNZD It's showing clear signs of an uptrend for the swing traders on the 1W and 1D chart. We can see long engulfing candles for this week and last week's candles. If we head to the 1D chart we can see how price bounced off a 50% Fib retracement, finally drawing a trend line for our uptrend on the Daily chart.
To ride this wave for big long term profit we will look at buying the dips we might find along the way, being mindful of reversals, strong resistance levels and high impact news that might cause unwanted volatility.
This is a great opportunity to ride a wave that it's still being developed and it's showing strong bullish signs for the pound on the long run.
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