Merely based on probable trajectory. I am willing to sell on each pull back as long as we remain under the Ichimoku cloud.
Technically it's a breakout, I guess. Now if it is not a false breakout then the target of the day could be the Long Term Rising Trend Channel.
So this GBPNZD beast has chosen the path of the inverted J Hook. I'm looking to sell more on each pull back as long as it follows the same trajectory.
Price is already rejected upon reaching the Ichimoku Cloud Sell when it retests the 2.362 Price Resistance and aim for the inverted J Hook However, if the Price breaks the 2.398 Resistance, aim for the Big J Hook instead