Price of GBP nzd has been making a tighter range highs latest.
with over all fundamental situation on the horizon , i am expecting it to fall to lower support of 1.9541
sell entry : 1.98
SL - 1.9921
tp : 1.9540
interst rates of Nzd is 4.75 and GBP is 4.25 which favours bais.
infaltion is higher in britain around 10 percent with lower GDP q/q which also favours longs on NZD.
best of luck
with over all fundamental situation on the horizon , i am expecting it to fall to lower support of 1.9541
sell entry : 1.98
SL - 1.9921
tp : 1.9540
interst rates of Nzd is 4.75 and GBP is 4.25 which favours bais.
infaltion is higher in britain around 10 percent with lower GDP q/q which also favours longs on NZD.
best of luck
Trade active:
Trade is well on its way.
lessons learnt , never go against the fundamentals
lessons learnt , never go against the fundamentals
Comment:
The trade went 110 pus pips in profit and reversed to mean reversion .
we are still in the trade
we are still in the trade
Comment:
still open .
the target remains same
the target remains same
market has still more room to play to the target .
i have not adjusted the trade size or stops till now .
still going strong