FOREXEL

GBPNZD Possible good short trade in near future

Short
FX:GBPNZD   British Pound / New Zealand Dollar
7
The Pound has managed to close over major resistance and there is stilll room for it on the upside. On top of this we will also see the effect of the Scottish vote today which with a no-vote will cause a good spike to the upside. However, I watch the daily and weekly charts closely which already are way overbought and are waiting for a good push south to short this pair. Fantastic R/R when it happens so I dont mind the Pound climbing a bit more. We well see pretty soon.
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