Possible Short Position on GBPNZD for Next Week

17 Mar 2019

Possible short position on GBPNZD. Amid Brexit talks which have resulted in the delay of Brexit by another 3 months, GBP could weaken further while the ever growing NZD becomes stronger by the day. Both 200 and 50 EMA are showing signs of a short bias on higher time frames but in the middle of the price on lower time frames so could lead to a long term short bias. There has been a trend line channel for the past month or so which was recently broken to the down side and due to a clear pull back to the trend, I believe further decline will be incoming. I won't be following this pair closely in the coming days but just thought it would be interesting to see where this chart is headed. GBPNZD

17 Mar 2019

Not

Trend line channel has been ongoing for just over 2 years not a month!

20 Mar 2019

Not

**WELL IN PROFIT SO FAR**