FullTimeTrader
Short

GBPNZD-correction finished

FX:GBPNZD   British Pound / New Zealand Dollar
1079 10 15
According to this count this pair is just making a correction for wave 4. We are still on a downtrend and fundamentals also support this bias.

We have also:

- ema 55 as resistance
- 0.38 fib retracement
- AB=CD pattern (visible on H4 chart) see below

snapshot

Trade ONLY ONE GBP pair at a time.

Best regards

*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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short still valid
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very volatile, will 1.235 hold?
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Loss booked at 2.33500 coz dis pair is run blindly :-(
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THIS PAIR IS SO MUCH VOLATILE COMPARED TO OTHER GBP PAIR SECOND TIME ITS ABOVE 38.2 FIBB LEVEL
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Just moved my SL @ 2.34000 and set target 2.24300 ...little bit cautious before tomorrow's BOE data ...finger crossed and waiting for targets in coming days.
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FullTimeTrader prashantfx
Good idea, its our destiny to trade among the news. Regards.
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prashantfx FullTimeTrader
yeah right ...
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finger crossed before data :-) lol
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FullTimeTrader prashantfx
Hello, trade is still active, lets be less emotional and follow the plad (although its hard). Regards.
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SAME VIEW LET'S SEE WHAT WE GET FROM THIS SETUP
snapshot
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