Symbol - GBPNZD GBPNZD is currently trading at 2.12280 I'm seeing a trading opportunity on sell side. Shorting GBPNZD pair at CMP 2.12280 I will be adding more if 2.12600 comes & will hold with SL of 2.13000 Targets I'm expecting are 2.09200 - 2.08500 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading...
This is for Long Term. And this is risky too. Please DYOR before entering the trade.
Gbpnzd in sell direction - broke the support level try to get 200 pips
The pair has formed an inverted head and shoulder patttern on daily basis. The prices are at the bottom of the second shoulder and is supported by 21 days EMA. Buy the pair as soon as the prices sustain above the necline at 1.93541 i.e. a daily closing above this level. The price may hover between the height of the second shoulder which is a good sign before a...