Week 28 GBPNZD: Bullish

There was a good run to the upside but price decided to return to my Entry position. The candle ended bearishly and I am expecting 1.766 to hold as usual. If 1.766 fails to hold, I will look to hedge my position and take profit from my short position when price reached 1.753 and shows a bullish candle.

Yorum:

1.766 proving to be strong support while 1.7878 has also prove to be a tough resistance.

Yorum:

Very nice whipping action. Price went down, took Stop losses and sell stops and went back to support. The real move maycome soon.