Formation of a bullish trading channel

For the second time, the GBPNZD pair is above the cloud. Hopefully this time it can form a bullish trading channel that we can take advantage of.

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We're back just a little bit higher than we were last week.

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We are now on the sweet spot and I'm already in the trade. I am not going to trade the possible last one move down, and will look for every possible upward setups instead.

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Made successful day trades on this pair last week. I have no open position now, which could be good since the pair might still be in a correction mode. I will not hesitate to take long positions again on every pullback especially near the sweet spot.