GBPNZD Analysis
Updated
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
Note
trade has reached 70 pips in profit . market has still more room to play to the target .
i have not adjusted the trade size or stops till now .
still going strong
Note
The trade went 110 pus pips in profit and reversed to mean reversion . we are still in the trade
Note
still open . the target remains same
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