FX:GBPNZD   British Pound / New Zealand Dollar
298 11 11
We have a short opportunity here in GN             , As market making lower lows and price action back in structure, I am expecting a reversal from here.
I like this and am in the short pushing down for the right tip of the crown... pretty bullish price action with the pounds so oversold but I am also looking for the right tip of the crown.
Running from 212
+1 Reply
morshedul.sazid hope.bleecker
2.0972 is the level I am looking for, I want this level to break since its acting pretty much strong: Not looking in Higher timeframes because it confuses :P, But its pretty bullish. But I am going to stick to the trading plan :) cheers
Nice. I'm not sure it'll go all the way down. I see more upside based on daily chart. Good luck
+1 Reply
morshedul.sazid themarketzone
Thank you! :)
Hey this is a great analysis. Thanks a lot! I have just started in this but isn't this more or less against the other idea you posted? (NZDJPY BEARISH CYPHER)
The bottom line is that you expect NZD to perform better than GBP but on the other hand (in the secondary idea) you need NZD to perform worst than JPY.

Once again, I am criticizing / arguing against what you are saying, I am just trying to understand your compared analysis.
Thank you for your response!
morshedul.sazid BogdanBratu
Hey! You have a point, But I just trade what I see, If I see a bearish setup in NZD and bearish in XXX/NZD, that is not a problem, because I do not know which one will be profitable, there is a 50/50 chance. Having a bearish setup does not mean that this will do down in the end and that XXX/NZD will go up, it can be opposite too :)
BogdanBratu morshedul.sazid
Yea but chances are that you are betting with one against the other, but who knows..sometimes the market does what it does. Thanks for you quick reply!
+1 Reply
Good to know bro. Good luck
Hi Morsh, Is this trade active yet?
Let it touch 61.8 which is the 2.09941
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