As you can see to the average eye this may look like a sell opportunity on GN but to me it looks like a major buy, we have been stuck in a ranging market with GBPNZD for a month now and it seems to not want to break to the downside it keeps respecting a upwards channel to the upside, and from a daily timeframe view i have my trendline drawn and it is currently testing the daily trendline to then explode back to the upside.
My entry is 1.96203
Take profit 2.00253
Stop Loss 1.95572
This is a swing trade so I’m anticipating some drawdown
But now we shall see how this plays out and will be holding this into next week