GBPNZD is moving into a rising channel better seen at a higher timeframe. I has bounced from its upper parallel moved down sharply and it's now consolidating. We should watch for a breakout below the consolidation and sell GBPNZD aiming the lower trendline of the channel.
Rising channel
P.S: Take a minute and read my post of "1001 pips project". You may find the link below..
Rising channel
P.S: Take a minute and read my post of "1001 pips project". You may find the link below..
Kommentera:
Price broke below the corrective structure...
Kommentera:
Simple, clean patterns work wonders, just like this one..
Kommentera:
Price has broken belowe the channel.. For those who are still in this trade, we should wait for a pullback probably to the lower bond of the broken channel and then price could drop once more.. Manage this trade wisely to make this setup a big one..!
Kommentera:
No fancy setups needed in order to be profitable in the markets.. This simple channel has given as profits to recover from 15 losing trades..!
