GBPNZD short; stop at least at BE Short

British Pound/New Zealand DollarFXCM

Description

⋅ Jan 21, 2016 5:09 PM

The short ( 2.221) for GBPNZD took a bit longer to move lower due to the worse than expected NZD CPI data on Tuesday. Nevertheless it is moving lower and I like at least to see a new low to present a possible ideal long term buy. For my previous post and context see below:

timstuyts.com

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Comments

ArAlshammary

⋅ Jan 23, 2016 2:37 AM

ArAlshammary

⋅ Jan 23, 2016 2:34 AM

i have the same view i am shorting GBP/NZD
but what worried me that is gbp is starting to make correction or bounce against major pairs

Piet.Hein

⋅ Jan 21, 2016 5:24 PM

Agree with this setup, Im looking at it too

Piet.Hein

⋅ Jan 21, 2016 5:24 PM

or break upward now or later, dont metter, Im going to take the breakout ;)

TimStuyts

⋅ Jan 21, 2016 5:25 PM

Me too. But for now I keep my short with stop at break even and swap in my favor. Good trading to you!

Piet.Hein

⋅ Jan 21, 2016 5:29 PM

good luck :) Always good have risk free positions ;)