FX:GBPNZD British Pound/New Zealand Dollar
Large 5 wave pattern on the weekly. 4th wave isn't complete yet based on the 5 wave formation happening on the lower scale (the I series). The I4 just completed, so we should see a move higher to make I5 granted brexit doesn't happen. This is obviously high risk because brexit can change everything, but if things go accordingly, a long can be very fruitful on this pair.
Gotta agree with you on this one .. again! What about this, if before BREXIT announcement, we got either GBP138 or YEN102...long half short; if it goes wild to GBP103/YEN100 ; long another half. Set a SL 500pips below and PT750pips above. If it's exit, you have to sit through the down then up cycle; if exit fails...vola....pyramid or trail up all the way w/ PT secured and incrementally upward. What do you say?