DAVID_GIRALDO

SMALL RISK, BIG REWARD, JUST HOW I LIKE IT..

Long
FX:GBPNZD   Sterlina / Dollaro neozelandese
3
We can see on the weekly a few things:
1- There is no major reistance levels in a birds eye view
2- There is a teacup forming
3- Price has failed to be rejected at its current level, it is simply stalling until the volume picks up to make another impulse.

looking at it more closely, daily shows a triangle and 4hr will show a clear count of the waves.
market seems to be forming its final wave, if done correctly you can enter a great trade out of this setup since market is ranging in suck a tight zone after such a huge impulse.

David K Giraldo
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