The time has come... 500-700 pips are lining up!
GBPNZD has been on my radar for weeks and actually MONTHS! I've been waiting for this pair to start showing upward momentum and start pushing higher, it has given us a favorite chart pattern... a bull flag!
ENTRY: I'm looking at 1.7700 area, there are fibs and flag support there, I would like to buy dips with short term trend line confirmation (1 hour trend line break to buy the dip etc)
STOPS: below 1.7500 looks pretty safe at the moment, otherwise we have to go real deep on the stop area.
Target: 1.8000 will be a great area, but ideally I'll hold on until 1.8300/8400
I'll keep you all updated!
Happy pippin!
ENTRY: I'm looking at 1.7700 area, there are fibs and flag support there, I would like to buy dips with short term trend line confirmation (1 hour trend line break to buy the dip etc)
STOPS: below 1.7500 looks pretty safe at the moment, otherwise we have to go real deep on the stop area.
Target: 1.8000 will be a great area, but ideally I'll hold on until 1.8300/8400
I'll keep you all updated!
Happy pippin!
Jared Johnson
Union Hedge Funds
Union Hedge Funds