The world is going against GBPNZD and a heavy sell bias has formed. Unfortunately, the masses are usually wrong. I heard a quote that states, "there is a highway to hell, and only a staircase to heaven." Meaning don't follow the crowd. In the case of GBPNZD, I feel there will be a bounce over the next 2 days. This bounce could be any where from 50 to 100+ pips. For speculative moves such as this I usually take a quick 50 pips. After the bounce, the downtrend could continue. I will need to do a long term analysis in a different post, but for now I am going to capitalize on what I think should be an easy and quick 50+ pips.
-Thanks for reading, and much success.
-StampsFX
-Thanks for reading, and much success.
-StampsFX