Interesting analysis... I will keep a tab on this revelation. Thanks
GBPNZD: Top Trade Idea of 2019?
GBPNZD could turn out to be one of the better opportunities of 2019. That’s a bold statement, I know, but the technicals here are very convincing. I first wrote about this wedge pattern on March 26th. Back then the pair was trading at 1.9113. It had also just tested wedge support for the first time since its inception on February 15th. We didn’t know it then, but GBPNZD would spend another month consolidating. Even today the pair is still churning sideways. However, as I wrote on the 18th of April, the longer this market consolidates, the more explosive the breakout is likely to be. But even though GBPNZD is ... (full story)