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British Pound / New Zealand Dollar
Long

50+ QUICK PIPS ON GBPNZD

By StampsFX
The world is going against GBPNZD and a heavy sell bias has formed. Unfortunately, the masses are usually wrong. I heard a quote that states, "there is a highway to hell, and only a staircase to heaven." Meaning don't follow the crowd. In the case of GBPNZD, I feel there will be a bounce over the next 2 days. This bounce could be any where from 50 to 100+ pips. For speculative moves such as this I usually take a quick 50 pips. After the bounce, the downtrend could continue. I will need to do a long term analysis in a different post, but for now I am going to capitalize on what I think should be an easy and quick 50+ pips.

-Thanks for reading, and much success.
-StampsFX
Chart PatternsForexforex_signalsforexsignalsforextradingzonesGBPNZDTechnical IndicatorspipsfordayssellsignalTechnical AnalysisTrend Analysis
StampsFX

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