Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/NZD rising inside sharp C-wave
2019-11-11 • Updated
- GBP/NZD rising inside sharp C-wave
- Next buy target - 1.9000
GBP/NZD continues to rise after the earlier breakout of the key resistance zone lying between the resistance level 1.8250, resistance trendline of the daily up channel from November and the 61.8% Fibonacci correction of the previous downward impulse from July. The breakout of this resistance accelerated the active minor impulse wave v, which belongs to wave C of the intermediate ABC correction (B) from November.
GBP/NZD is expected to rise to the next buy target at the next resistance level 1.9000 (top of the previous B-wave from July and the target price for the completion of the active impulse wave (v)).
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