GBPNZD Long Trade Setup

A #long trade opportunity recently presented itself on the #poundkiwi (#GBPNZD) #trading chart 📈.

This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 2.08563 horizontal support level.

This indicates a fakeout (fake breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).

Sufficient upward momentum should see price rallying towards the 2.11500 psychological level and possibly testing the strength of the 2.11884 horizontal resistance level.

As always, please apply appropriate risk management.

Happy trading!

#crosspair