GBPNZD Best long-term signal you’ll get

The GBPNZD pair hit the bottom of the Triangle pattern it has been trading in since early 2019. This has been done staight after a 1D Death Cross (when the blue 1D MA50 crosses below the orange 1D MA200). This is quite similar to the October 2018 – August 2019 fractal. A new Golden Cross will confirm the currently strong long-term buy signal.

See how they both ae under near perfect symmetry. The first Lower High hit the 0.786 Fibonacci and got rejected. Our long-term target is 2.000, just below the top of the Triangle.

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