ForceFollower
Long

GBPNZD H4: Shifting Channels

FX:GBPNZD   British Pound/New Zealand Dollar
83 2 2
GBPNZD             may be in the process of shifting channels - from the blue one to the pink or red one. I'll looking for support around 2.40. The up trend's been losing steam, but the odds are still with the buyers. The GBP is still stronger than the NZD. The last swing down consists of many small overlapping swings, which seems to reflect the recurring efforts of buyers to step in.
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There is a very high degree of risk involved in trading forex . I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.

Related Ideas

GBPNZD might ride on the back of NZDUSD's demise soon. ;)
Reply
ForceFollower moorekapital
a year ago
Yes, it's possible. I'm short NZDUSD and NZDJPY as well.
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