PERFECT SETUP GBPNZD

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GN has recently seen a big push to the downside followed by strong NZD news. This has brought us back down to the bottom of our consolidation zone, which rests on a strong resistance turned support. We have been in a bullish trend, broker above resistance, came back down to retest and have been in this consolidation. With GBP news this week, i think it will give us a bullish GBP and can see GBPNZD seeing fresh highs. As for entry, have a wide stoploss just under the support region of this consolidation zone, targets can be set towards 2.0850

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ملاحظة

up 175 pips! GBPNZD has big moves and a daily ATR of almost 200! Good idea to move SL to BE and re-enter more buys on any significant dip