GBPNZD: Long from massive support
Updated
We have a terrific opportunity in GBPNZD, as you can see the pair has been in a steady downtrend but it's now against critical support, and evidently, buyers have stepped in aggressively here, which makes me think we will reverse the decline with force.
Sentiment in the Pound is extremely bearish so I would like to fade it, and this pair seems like the ideal vehicle to do so, with the spread between the Pound and the Kiwi being so wide apart from a 1 year perspective.
This can be an ideal long term long, so consider taking it.
Good luck if you, see you at the top!
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Sentiment in the Pound is extremely bearish so I would like to fade it, and this pair seems like the ideal vehicle to do so, with the spread between the Pound and the Kiwi being so wide apart from a 1 year perspective.
This can be an ideal long term long, so consider taking it.
Good luck if you, see you at the top!
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Note
Sidenote: I'm already long from last night, entry was 2.02264 with stops as depicted here. (trade wasn't fully confirmed then, hence me posting now).Note
Not bad.
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