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  • Vasily Trader

GBPNZD: Bullish Accumulation (Trading Plan)



Very peculiar bullish pressure this morning on GBPNZD .

On a daily, the price is currently trading within an ascending triangle with two consequent higher lows.


For now, 1.92 is a strong horizontal resistance where the price sets equal highs.

In case of its bullish breakout (daily candle close above), a strong swing move can be initiated.


In case of a confirmed violation, the next goal for buyers will be 1.96 level.


Also, note that the price is currently trading above a major falling trend line .

It is a very important clue as well.

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