mcpeacocks

GBPNZD - two scenarios

mcpeacocks Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
short or long... looking at what PA is telling us over the next couple of hours/days.
stoch and rsi seem to favour the resistance to hold (both overbought), which it now has for a few days already, and a resumption to downside. could play that with tight stops....
Comment:
flag on 2hr chart
Comment:
still hovering around that resistance level of 1.7750 - forming a triangle now. getting ready to breakout....
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