GBPNZD - Tricky call either way
The GBP is looking indecisive, my options are:
1.) Take a long with the Stochastic oversold and a bounce of the trendline and target the missed daily pivot from Friday 20/11/15 with a stoploss below the trendline and possibly under the support line
2.) Place a pending sell order below horizontal support for a big move south with a stop placed above the horizontal line
1.) Take a long with the Stochastic oversold and a bounce of the trendline and target the missed daily pivot from Friday 20/11/15 with a stoploss below the trendline and possibly under the support line
2.) Place a pending sell order below horizontal support for a big move south with a stop placed above the horizontal line
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.