POTENTIAL NEW LONG ENTRY ON PULLBACK - GBPNZD
There could be a potential pullback on the recent upswing of this pair, to watch closely.
If there is such pullback, it is most probably going to retest the long trend line which has just been broke, on the 0.5 fib of the recent movement. Or it might retest the 0.618 fib of the recent movement, consequently forming a bullish H&S pattern.
Either way, if it happens, it is a good opportunity to go long.
Entry: between 2.061 and 2.07
SL: 2.035
Target: 2.13
If there is such pullback, it is most probably going to retest the long trend line which has just been broke, on the 0.5 fib of the recent movement. Or it might retest the 0.618 fib of the recent movement, consequently forming a bullish H&S pattern.
Either way, if it happens, it is a good opportunity to go long.
Entry: between 2.061 and 2.07
SL: 2.035
Target: 2.13