GBPNZD REACHED A WEEKLY TRENDLINE...TRAP OR TRUTH?

Alright fellow traders, I have a different approach to my trading. We have a weekly important zone reached and we have the NZD GDP release scheduled later on. What game are we playing? breaking trend-lines or testing the stop loss orders? I don't see a good shorting opportunity yet. So I will be on the other side of the fence watching with some popcorn! Lets see!!!

Zones to watch for reversals:

1.97124? - Honestly...I never trusted levels that all traders see...I could be wrong though! I dont see any Bears lining up yet!
1.98686? - If some bearish price action shows itself here, you better be ready to ride it back to 1.92525 or further???
1.02554? - Then the bulls will really be pushing their luck.....woah!

Yorum:

Alright we did warn you about what all traders see! they chowed those stop losses and are heading for a better zone. Let's see what they bring us tomorrow

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