GBPNZD BUY THE PULLBACK

Hi traders:

We have a long opportunity on GBPNZD, as the price action has been in an over extended daily run to the down side, now rejecting support. On the 4 hr chart we have a falling wedge, and price action broke out of it.

Now we can wait for a higher low to develop, confirming a trend change on the 4 hr, and a daily pullback to roughly 1.7900/

TP 1: 1.7725
TP 2: 1.7900

Thank you for your support and feedback.

Comment:

Here is the daily chart

Trade closed: target reached:

TP1 hit for 2.29% profit

Trade closed: target reached:

2nd TP hit