OANDA:GBPNZD   British Pound / New Zealand Dollar
Please refer to text on chart.

Tremendous risk/reward play here if the trade works out well. Price has been consolidating for about a month now, building up very strong momentum. There will be a strong, fast, and decisive move should price break above the resistance areas.

** Remember, we do not attempt to predict future price. We simply react to current price movements based on our interpretations of past data.
Nov 20
Comment: Trade moving nicely. Set stop @ B/E.
I don't make predictions about the market. I trade based on what price is doing NOW versus my interpretations of past data.

Comments

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