Eren_Jaeger_Trader
Long

GBPNZD 1:3 Risk Reward LONG (Waiting on confirmation)

FX:GBPNZD   British Pound / New Zealand Dollar
GBP
- Brexit delay released some uncertainty for a deal in the UK and to organize the legal structure of companies
- FOMC meetings in the US showed they are not going to raise rates causing investors to choose alternative securities to get better returns on investment
- Daily/ 4HR support in sight, signs of buying already at hand.
- STRONG fundamental scores in my system

NZD
- Latest GDP release suggesting economy is as forecast no unexpected growth
- Since GDP is a lagging indicator in the economy likely to see some downturn as the true value is priced in

GDP is Y = C + I + G + NX
- C = Consumptions
- I = Investments
- G = Government expenditure
- NX = Net Exports of Goods and Services
let me know what you think!
+1 Reply
marcusraiyat Eren_Jaeger_Trader
@Eren_Jaeger_Trader, I have the same GBP long bias based on fundamentals too
+1 Reply
@marcusraiyat, great to know! Hopefully we see a discount in GBP with a signal for entry through technical and Sentiment
Reply
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