GBPNZD EXPECTATION A DOWNTREND AFTER THE CONSOLIDATION THIS SUGGESTS A STRONG MOVEMENT IN THE FUTURE AS YOU CAN SEE GBP IS DOMINATED BY SELLERS. HOWEVER THE RISK MANAGEMENT MUST BE APPLIED. USE HALF STOP LOSS AFTER CALCULATING THE POTENTIAL GAING PIPS 50/100. IN ADDITION THERE IS ONE MORE POSITION THAT CAN BE TRADED AFTER A SUCESSFUL HITTING T/P1. EVENTUALLY T/P1...
There is high possibility that the trend direction will change. Firstly the previous time the sellers could not take further action because of the high volume of buyers(big boy) which possessed the price that we are currently in now. This suggests that the market would act same as before. Secondly the reason why makes this zone interesting, there have been...