GBPNZD will complete a bullish 5-0 pattern around 1.8708.
This is nicely aligned with the bigger trend.
There are 2 ways to enter into this trade.
1. Buy after candlestick reversal at 1.8708
2. Buy after price stabilize around 1.8708 and break above trendline
Targets will be right back at the highs around 1.8860.
SL will be 50 pips below the entry.
This idea will be invalidated if price does not stabilize at 1.8708 and crashes through it.
This is nicely aligned with the bigger trend.
There are 2 ways to enter into this trade.
1. Buy after candlestick reversal at 1.8708
2. Buy after price stabilize around 1.8708 and break above trendline
Targets will be right back at the highs around 1.8860.
SL will be 50 pips below the entry.
This idea will be invalidated if price does not stabilize at 1.8708 and crashes through it.