• 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.