Interesting SMA squeeze on GBP/NZD on the M1 time frame.
We are BULLISH this market and LONG from higher up.
Occasionally all the key moving averages come together, in this case the 200, 100 , 50 and 10.
When this happens the price can often violently break out of the squeeze in one direction or the other. As we are LONG this market already we are looking for a break
to the north. Should we break higher and the ma’s begin to fan, this could be a good point to enter LONG this market and we shall add to our position.
We would expect the 10 day sma (thin red) to make the break north of the other indicators. If this happens we will BUY this pair.