GBPNZD ANALYSIS

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ON THE LONG TERM, ALL GBP PAIRS LOOKING BULLISH, BUT COULD WE TAKE SOME SHORTS IN THE SHORT-TERM? RISKY BUT WHY NOT? WAITING FOR CONFIRMATION CANDLES TO SEE IF IT HOLDS ON INSIDE THE CHANNEL.
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So, price broke out !
entered at 2.0140 with stop at 2.0115 (25pips)
primary target 2.0200
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price just went down with great impulse. Buy order closed and waiting to confirm scenario A !
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Turned out to be a re-test candle, and scenario B still in play with 50pips already cashed in!
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100pips in scenario A hit
Bullish PatternsChart PatternsDescending ChannelGBPNZDtrendTrend Analysis

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