Timonrosso

GBPNZD strong upside push to 2 after C&H breakout

Lång
OANDA:GBPNZD   Brittiska pund/Nyzeeländska dollar
Cup and Handle formed on GBPNZD.
The price broke out which gave a great entry signal.
We could even wait for the price to retrace back to the Brim level and get an even better entry.
7>21>200 - Bullish
RSI >50
Target will start off at 2.198. But once it breaks higher, we'll see more formations.

Smart Money Concepts

Sell Side Liquidity formed just below the handle of the cup.

Smart Money BUYS into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter their trades.

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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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