Current structure shows signs of reversal.
We have had three strong rejections of price and accumulation of long positions in area 1,67300 -17300.
We have a bat pattern in development.
Cross market analysis indicates strength of pound against of most of major currencies and kiwi completely opposite as started weakening against euro, usd, aussie.
we have a divergence in MACD.
All above leads me to conclusion GBPNZD might be the best pound related pair to trade at moment.
Regards
We have had three strong rejections of price and accumulation of long positions in area 1,67300 -17300.
We have a bat pattern in development.
Cross market analysis indicates strength of pound against of most of major currencies and kiwi completely opposite as started weakening against euro, usd, aussie.
we have a divergence in MACD.
All above leads me to conclusion GBPNZD might be the best pound related pair to trade at moment.
Regards
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Fantastic trade 1000 pips in profit already.
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Trade closed: target reached
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1200 pips gained.