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francesgurton

GBPNZD

British Pound / New Zealand Dollar (FX:GBPNZD)  
francesgurton  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators Ascending Triangle GBP NZD GBPNZD Bullish Patterns Bearish Patterns pound
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trendanalysis chartpattern indicator ascendingtriangle gbp nzd gbpnzd bullish bearish pound
2 potential ideas for GBP/NZD currently in an ascending triangle.

1. BUY
Price may reject at support (white trend line) and then break through the resistance of the ascending triangle (1.9180).

2. SELL
Price could fail to reject at support and we could see price revert back to previous support at the 1.8630 level.

Before taking either trade I will look for cnadle rejection and signals from the MACD, stoch and RVI.
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