TradingView
pablo82
Feb 9, 2017 12:59 PM

REVERSAL Long

British Pound/New Zealand DollarFXCM

Description

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




Comment

Comment

Comment

Comment

Comment

Fantastic trade 1000 pips in profit already.

Comment

Comment

Trade closed: target reached

Comment

1200 pips gained.
More