We are using our trend following EDGE strategy for this trade.
Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Previous long trade can also be seen on chart.
The trade history can be seen at the foot of this trade idea too for full transparency.
The GBP seems to be suffering some weakness today....
GBPNZD is in the major descending channel with the 618 fib falling exactly on the channel resistance. The inner channels upper resistance also lines up with the 618 fibonacci. Will be looking at shorting this soon - only after confirmation!
Would like to give thanks to @loudon3 for pointing out some of the things you see in this chart!
Trade Safe.
