GBPNZD: Trend-Following Trading Setup
https://www.tradingview.com/x/sADlwQ3k/
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 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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