FX:GBPNZD   British Pound / New Zealand Dollar
164 2 6
GBPNZD             pulled back at 38.2% Fibonacci retracement . we see a break in down trend bias with some bullish divergence hopefully to enter on retracement. we may see this reverse or just consolidate, either way a good trade to go LONG.
Trade active: added on those Fibonacci retracements, and oh boy did we made some dough tonight.. will start to unload at 38.2% retracement..
I think it is retracing now we should wait to see if it retraces to 50% Fib or 61.8% which is better for going long.Uk GDP and NZ new information this week will make a big difference in my view whether it will retrace more or continue the uptrend.
im in favor
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