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British Pound / New Zealand Dollar
Long
Updated

GBP/NZD Cup and Handle Formation

63
GBP/NZD has completed the cup and handle formation on the 1D chart. The pattern would become stronger if it continues trading in this range for a few more days. It's currently on a strong resistance. It would be better to take an entry after the breakout. The target would 2.04 once it breaks out.

Thanks!
Best Regards,
Trae Like Pros.
Trade closed: target reached
TradeLikePros
Cup And HandleGBPGBPNZDgbpnzdanalysisgbpnzdbuygbpnzdforecastgbpnzdideagbpnzdlonggbpnzdsignalNZD

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Cup And HandleGBPGBPNZDgbpnzdanalysisgbpnzdbuygbpnzdforecastgbpnzdideagbpnzdlonggbpnzdsignalNZD
TradeLikePros

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.