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 fact with the recent drop in Gbp/Usd - the pair has broken below 1.7 now
and a sell position in Gbp/Nzd seems right;
Gbp has the potential of dropping futher and Nzd should recover again

I am back up to 180k again at the end of the week
after recovering from a dramatic loss two days ago when I misjudged the NZ data release
(see previous post) and I am hoping to benefit from this trade
and get in the top 10 next week

gl all
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