GBPNZD Chart 1

GBPNZD - Intermediate &
Longer Term Bullish

GBPNZD - Intermediate & Longer term Bullish by DanV on TradingView.com

1 March 2013

Updates and comments

I have published my view on GBPUSD and whilst at the time when is was published it proved to be little too premature, I think it is still valid. 

The GAP down open last weekend on GBPUSD I think formed the bottom like climax selling and which has held for whole week. Smaller time frame price action suggest minor 1 & 2 waves are nearly complete with new upward momentum should appear to the upside as I suspect the Dollar Index is approaching possible top near 82-82.2 level.

Accordingly I was using GBPUSD to possible bottom to actually stalk long trade in GBPZND or GBPAUD. Well here is the H4 chart of GBPNZD suggesting possible inverted H&S pattern which could also trigger long term swing trade to the upside. 

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