Last week I highlighted the GBPNZD chart as it broke the 1.8740 level.
This morning in Asia we have a very similar set-up and I have jumped in long again. I closed for +200 pips on the last trade and here I am again buying into the break higher .The set-up was the same . Watching a break higher, then a pullback ‘J’ pattern and entry on the second break above resistance . I was actually very lucky with this second trade/break above 1.8960, as I was not in front of the screens when the first break higher happened, so I was struck by the similarity of the move to my prior long trade .
I will post the three charts below telling the story of the move . Starting with the live one showing the two areas (grey boxes) I refer to .
The first trade entry below –
My take profit on the first long trade below as we hit resistance .
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