TahirKhan

GBPNZD - Short term bearish - bigger picture bullish..

FX:GBPNZD   British Pound/New Zealand Dollar
GBPNZD             ..

As of now; can foresee alot of swing plays on the pair. Just need to mark the territories right and make use of the swings. 2.1170-8X yesterday was a good spot to try shorts into and if all goes accordingly carries an ideal tgt             to between 2.0920-50. Can use this later lvl             as a swing to get back on the long side if the price shows holding pattern or provokes bounces.
The bigger picture turning bullish by making use of patterns - namely Inv H&S in this case.
The drop however can extend as low as lower 2.08XX prior to bounce and break up higher.

http://i.imgur.com/KcTJwX1.png
GBPNZD             - 4 hr             - Yesterday

Now..
http://i.imgur.com/Ku07JdB.png
http://i.imgur.com/MyG4Ynv.png
http://i.imgur.com/SwYn2kA.png
GBPNZD             4 hr             -


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