See daily chart of GBPNZD below for the discussion that follows.
GBPNZD is making higher highs and higher lows, indicating an uptrend. I will wait and see if price pulls back to support. Should this happen, I will likely go long if I see bullish candlestick price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
