ChrisPulver
Short

GBPNZD - is this a crazy bad idea?

FX:GBPNZD   British Pound/New Zealand Dollar
182 2 4
GBPNZD             looks to be making a pretty solid rising wedge. The real short may not come until 2.16 holds or something, but if I have a wedge break. I'll be aggressive protecting profits for a corrective movement.

But, 2.10 was a 3 year high that has now been broken. So there could be some buying interest once again and longer-term I'm pretty interested in a weaker NZD this year - certainly our pal Wheeler wants it too.
moneymaking
2 years ago
Hey Chris, we can definitely look for some short term selling position with daily RSI (7,close) bearish divergence being on our side. But breaking the 2.10 level is pretty significant and buyers are definitely interested now :)
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eliaselias
2 years ago
hallo guys
given the almost 2.16 recent high, a shallow retrace of .382 would get us around the 2.07 area. it should retrace at some point and I agree that the pair looks bullish in the long run.
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