• Vasily Trader

GBPNZD on Focus! Important Breakout Attempt! (Trading Plan/Structure Analysis)

hey guys,

I want you to pay attention to 1.905 - 1.926 horizontal trading range on GBPNZD.

in July, once the market reached 1.905 structure low, it started to consolidate and coil within that range,

until it broke its upper boundary and started to grow.

such a scenario may repeat again.

the price is once again stuck within that range and daily candle close above its resistance will be a strong bullish signal.

next goal will be 1.95

in case of rejection and return of the market within the range, wait for another breakout.