GBPNZD: Trend-Following Trading Setup

Long

Sterlina / Dollaro neozelandese (OANDA:GBPNZD)

OANDA:GBPNZD Sterlina / Dollaro neozelandese

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GBPNZD formed a classic cup & handle formation.
The market is trading in a long-term bullish trend.
The neckline of the pattern is the only obstacle for the buyers now.
Its breakout will initiate a trend-following movement to new highs.

Daily candle close above 2.075 will confirm the violation.
A bullish continuation will be expected then to 2.085

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GBPNZD: Trend-Following Trading Setup

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