Possible Fake Out in GBPNZD Long

British Pound/New Zealand DollarFXCM

Description

⋅ Aug 14, 2014 6:52 AM

This pair is in an uptrend....we have a breach of support here, but if price wants to touch back to our entry level, we may see some severe long covering, bringing prices at least up to the previous .618 swing. Lets see how it plays out.