GBP / NZD - Beautiful potential break to the upside - LONG

I'm already long this trade and in profit from 1.84. But my first target is the resistance at 1.98, if we break this line, then we have the potential for a lovely move to the upside, and based on the weakness of the kiwi dollar, there is some great potential in the move, but wait for a signal from price action and if you want to enter earlier, I would wait for a pullback around 1.92. Not much Sterling news out right now, so some silence could see us move higher.

Trade active

Long at 1.84, looking for a greater move higher, but you know Brexit.

Note

Some more information to support the trade, watch this level at 1.98. If it breaks out, wait for the pullback and then the second supporting pullback to hold before entering the trade, this will be a solid confirmation.

Note

Look for something like this to enter after the break at 1.98 or a pullback at 1.89

Note

The UK prime minister just rejected some Brexit report, sending Sterling prices lower again. This is a great opportunity to look for a new position and establish some stability, I do think we're going to go lower than 1.89 now, maybe even 1.86

CBMotivation

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CBMotivation

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