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mrsaetervik

GBPNZD long in sight

Long
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
mrsaetervik Updated   
OANDA:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Fibonacci Trend Lines GBP NZD GBPNZD gbpnzdlong
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supportandresistance fibonacci trendline gbp nzd gbpnzd gbpnzdlong
After the sterlings huge bullish run last week, I anticipated in a previous analysis it would be aming for the major 1.9000 this week.
And now I think that wave might be up next. I'll wait for the price action to tell me to go long. Who knows, maybe a break of the CTL or poosibly a close above 1.8600 if I have to.
I will be aming at 1.8800-1.8860
Comment:
Analysis still remains valid, might reject the 50fib some more before going up. Best case is rejecting the 61fib, then the upside move is bigger (more pips) :D
I'll adjust my entry accordingly, take profit still remains the same.
Comment:
still rejecting the 50fib, hope to the price heading towards the trendline now
Trade active:
Bought the break with a 1H candle close, hope to see a break of a resistance level soon
Trade closed: stop reached:
Got stopped out, I updated my analysis and I can see that this might still be in play.
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