GBPNZD today's long setup

7 янв. 2016 г.

GBPNZD has now held above some horizontal supports, so I'd like to keep long bias today. If price could test horizontal zone around yesterday's high, I will wait for a consolidation on lower time frame to enter upside breakout. Beware of the possible resistance from the day downside trendline and try to protect the position when price reaches there. Target will be today's ADR and next horizontal resistance on 4 hour chart.