I am already short here, when i took the trade I pointed out that a medium trendline was below and that it was the main concern regarding the trade. Price action has brought the pair to the trendline, a break here would give us potential for a significant downward move. I am currently short the NZD v GBP, AUD and JPY. They are all well in the money, the GBP trade is approaching its target of 2400 pips and the AUD stands at 900 pips. images attached
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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.