Sat. Apr 20th, 2024

Here is the second part after much time has passed from this original post from feb 8 on the gbpnzd forex pair. Check it out here. The breakout was confirmed and the price action is closing on the target at 2.43. Here is the monthly candle chart.

gbpnzd_m

The 5 year weekly candle chart shows the fast move after the breakout. These are what I consider A+ moves. As the saying goes. the larger the base, the higher in space!

gbpnzd_w

Zoom in on the 1 year daily candle chart. Picture perfect!

gbpnzd_d

There you go I will wait till this consolidates after reaching target for an eventual continuation move. Let’s see what happens!