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GBP NZD

GBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further, though the targets of the Pattern come way above our Resistance Zone, its better to book them at the Resistance Zone itself as the same are in confluence with 0.618 Fibo Retracement
Nota
Breakout expected today for confirming the validation of Inverted H&S.
Nota
As expected. Inverted H&S validated due to breakout. Targets and SL placed.
Nota
Slowly Approaching our Target
Akshath1994
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Akshath1994

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