FX:GBPNZD   British Pound / New Zealand Dollar
167 4 12
Waiting for GBPNZD             to decide buy or sell. Need a clear break out with accumulation before entering either side. If it breaks to the downside watch for the previous low for support but should break through that level also as there is no div             . as yet. To the upside add on to buy at fib retraces.

Sorry on chart it says BUY below - should be SELL below
Good work
Reply
Yes, Anil, the GBPNZD will fall, but the Daily has very little steam. It will eventually start moving up for poss several weeks.
Right now though, it should move down and take with it GBPCAD & GBPAUD.
Lets see how things pan-out.
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Perfect!! all you have to do now is have the believe that is can happen and stay in !! :) Experience will help the next time .
+2 Reply
Thanks Susan , will be watching out for this.
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