ChrisPulver
Short

GBPNZD - does the market love the carry?

FX:GBPNZD   British Pound / New Zealand Dollar
42 2 2
February has been a nasty wedge/range month. I noticed the GBPNZD             off of this recent bearish channel resistance may push down to 2.03 or lower to find some support. Ideally, I'd love to sell and hold until 2.000 but I'll most like take profit at 2.03 or move my stop to lock in profits.
Hey chris, is the entry at the 38.2 retracement of the downside move that we got? I just wanted to know how did you came up with the entry level. Thanks!!
Reply
ChrisPulver PRO moneymaking
It was the 50 entry actually - which was not filled and the market ran away - the 382 is great when it runs but I usually put my stops above the highs so the 50 retracement is my favorite fill.
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