New Zealand Dollar/British Pound

SAXO

NZDGBP

NZD weighted index on the 12H time frame, we can see the market has tapped off a previous zone of reversal while creating convergence on MACD, and creating an inverted head and shoulder formation. Seeing as NZD and AUD move the same way, and both currencies look very bullish, I expect NZD to gain strength across the board for the next month or so....

I am new to trading, any feedback or advice is welcome via the comments or chat. The analysis has been done on NZD/GBP, I have drawn my trendline from the 4hr chart and plotted my support and resistance zones on the 1hr chart. I think that the price will make a retrace back to the trendline @ around 0.5230 range at this point then I will be looking for a entry...

No trading till it hits either black lines. If hit top black line then short buy other than that sell if hit bottom black line.