GBPNZD Breaking The Bullish Ascending Triangle

Big Breakout For The GBPNZD

Yesterday I saw GBPNZD breaking the Bullish Ascending Triangle. This was a nice clean breakout of a long time consolidation. 

I will be watching now for any quick snap back tests, of this broken structure to capture any bullish trades with the bullish momentum.

These will be off the lower time frames, I will be watching the 1 hr and 4 hr for any good bullish price action signals.

If there is no pullback and price heads higher then I will be waiting for a Daily swing pull back to look for a bullish price action signal. 

You can learn more about how to trade with a Forex swing trading strategy within one of my latest posts here.

As usual, if you have any questions regarding what I am seeing or you may have a different outlook for this pair leave your comments below.

Recent Content