sam_page
Long

GBP/NZD - Potential long position identified.

FX:GBPNZD   British Pound / New Zealand Dollar
Having closed above a previous strong support level of 1.8760 and seeing that stochastics on the 4 hour time frame are forming Divergence i am waiting for bullish candlestick formations at this level to go long up to the 1.8836 level to take profit. My stop level is 1.8730, although if Gbp/Nzd breaks and closes below the 1.8760 level with a bearish candlestick formation i favour a short position down to 1.8685 area.

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