FX:GBPNZD   British Pound/New Zealand Dollar
129 6 6
From the naked analysis above, it seems clear the confirmation of a bullish trend . I read other recommendations about shorting this pair, and although it might work , the probabilities are on the long side. You should use any retracement to increase exposure until proven otherwise.

From the macro perspective, three major banks reported bearish strategies for NZD

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
http://www.realisto.net
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InfinityForex
2 years ago
cheers buddy, really helpful!
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Realisto_FX PRO InfinityForex
2 years ago
Thanks mate, your feedback is appreciated
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jangseohee
2 years ago
spot on
snapshot
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Realisto_FX PRO jangseohee
2 years ago
great :-)
Reply
UPDATE : Move the STOP to 2.015 if you entered into this trade
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Spot on indeed.
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