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GBPNZD Bouncing from bottom of Wedge

Jignesh Przesłąno 3 Mar  w #Trader's blog #Gbpnzd
GBPNZD has formed a wedge patten on the 4H and starting to catch a bit of a bid from the bottom.
Next week the RBNZ is set to discuss interest rates, and similar to the situation with AUD, trader's may be pricing in a rate cut. The cut did not materialize for the AUD, but the RBNZ was quite dovish in their last statement, leaving the NZD less desirable to buy this week.
NZDUSD may also offer a good trade setup to the downside. Currently on the 15m we are at channel support. A confirmed break mig…
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GBPNZD Stopped out

Jignesh Przesłąno 6 Maj  w #Trader's blog #Gbpjpy #Gbpnzd #Usdsek #Usdnok
I've taken my first trade on the contest and was stopped out.
I took a long position in the GBPNZD with 3 Mil units. The order was at the 50% level of the recent move up. I was anticipating GBP strength as the GBPUSD has recently broken to new highs and news on the docket.
My order was at 1.9410 with stops at 1.9370. My take profit was set for 1.95 however, I probably would have moved that up. I'm expecting price to break to new highs if these levels hold. As you can see from the chart belo…
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sense_of_life_is 4 Lip

Good job!

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