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Long

TREND CONTINUATION- GBP/NZD

FX:GBPNZD   British Pound/New Zealand Dollar
THIS WEEK WE HAVE SEEN POUND STRENGTH, USD STRENGTH AND CAD WEAKNESS, PROVIDING US WITH SOME GREAT TRADING OPPORTUNITIES. THE MARKETS ON A DAILY TIMEFRAME ARE NOW SHIFTING, SO WHAT'S NEXT?

FOR ME WITH THE BREAKOUT OF POUND I AM POUND LONG UNTIL BREXIT. I HAVE DIVED INTO THE SMALLER TIMEFRAMES OF 1HR AND 4HR AS THERE IS TOO MUCH RISK IN TRADING IT DAILY AT THIS CURRENT MOMENT IN TIME.

THIS SETUP IS GBP/NZD AT THE MOMENT IS THE CLEANER OF THE POUND PAIRS WITH REGARDS TO 4HR CYCLES. WE HAVE HAD A BREAKOUT OF RESISTANCE, NOW COMING DOWN TO TEST TO SEE IF WE CAN GET SOME SUPPORT FROM THIS AREA. JUST WAITING FOR PRICE ACTION AND TAKE THIS LONG.
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