AdamFx42's Blog

Avatar

Making use of GBP retracement

Today I opened a short position Gbp/Nzd after I noticed a double top forming in the pair
on the hourly chart, Gbp/Nzd had already tried to break above 1.99 two days ago
after the NZ data release accompanied by a dovish tone - Nzd took a dive across the forex board
Retracement down in Nzd should be about over now, though
as the reaction from the market was exaggerated - there are no serious problems in NZ:
data releases are still strong, there is only no need forrate hikes anymore
Combine this fa…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Making use of GBP retracement

Today I opened a short position Gbp/Nzd after I noticed a double top forming in the pair
on the hourly chart, Gbp/Nzd had already tried to break above 1.99 two days ago
after the NZ data release accompanied by a dovish tone - Nzd took a dive across the forex board
Retracement down in Nzd should be about over now, though
as the reaction from the market was exaggerated - there are no serious problems in NZ:
data releases are still strong, there is only no need forrate hikes anymore
Combine this fa…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires