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

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

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