GBPNZD has been on my radar for weeks and actually MONTHS! I've been waiting for this pair to start showing upward momentum and start pushing higher, it has given us a favorite chart pattern... a bull flag!
ENTRY: I'm looking at 1.7700 area, there are fibs and flag support there, I would like to buy dips with short term trend line confirmation (1 hour trend line break to buy the dip etc)
STOPS: below 1.7500 looks pretty safe at the moment, otherwise we have to go real deep on the stop area.
Target: 1.8000 will be a great area, but ideally I'll hold on until 1.8300/8400
I'll keep you all updated!
Happy pippin!
ENTRY: I'm looking at 1.7700 area, there are fibs and flag support there, I would like to buy dips with short term trend line confirmation (1 hour trend line break to buy the dip etc)
STOPS: below 1.7500 looks pretty safe at the moment, otherwise we have to go real deep on the stop area.
Target: 1.8000 will be a great area, but ideally I'll hold on until 1.8300/8400
I'll keep you all updated!
Happy pippin!
Jared Johnson
Union Hedge Funds
Union Hedge Funds