I was hesitant to post this trade setup and idea earlier in the week, however with the proper fundamental analysis as well as technicals there were clear indicators that GBPNZD was going to have a large selloff until it retested the trendline set in the 4h chart as well as the daily trend, if it breaks the "heartline" we will seek a reentry for a bearish movement....
Is that a rhetorical question? ;)
Even if price retraces to the downside in the near term, I am a Bull over the long-term plus it looks like a bullish Inverse H&S formation which are extremely powerful and reliable even before breaking the neckline as you can clearly see the increasing momentum.
If you trade the Kiwi/CAD then for the long-term look for the exact...
