GBPNZD – waiting for a range breakout

Written by Raul Lopez on . Posted in Trades & Analysis.

Seems as if the market is waiting for tomorrow and Friday’s important announcements, most currency pairs are ranging around an important level. This is also the case for the GBPNZD:

My trading plan for the GBPNZD is as follows:

If it breaks the top of the range it will trigger a bullish condition, then I’ll start looking for short opportunities

If it breaks the bottom of the range it will trigger a bearish condition, and I’ll start looking for short opportunities.

Since it is not a well defined range I will no trade the short term range

Trade Safe!

Raul Lopez
Forex Course

forex, GBPNZD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
ProTradingNow
Free Education
Other
Contact