AdamFx42's Blog

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Closed 2 positions with a healthy profit

I just closed my GbpNzd and GbpAud shorts
I made about 200+ pips on these positions altogether, which is very nice
for a days trading - shorting Gbp
I almost switched sides to buy GbpNzd and GbpAud after this deep retracement
but fundamentals have not really changed - and I do not like Gbp chnaces
I thought of adding EurNzd longs and EurAud but instead I will call it a day for now
Live to trade another day :-)
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Looking for a drop in GbpNzd

After the recent rise in GbpUsd traders are looking for reversal
Gbp is stronger at the moment - gaining about 250 pips in a few days
This rise is all news-related (article 50 and what not)
Traders expect Gbp to weaken again soon
I am short GbpNzd today after it has stalled below 1.77
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