See daily chart of GBPNZD below for the discussion that follows.
GBPNZD is currently sitting on a well established support area. I will be looking to go long here if I get confirmation in the form of candlesticks.
We did see CADJPY (post from last week) bounce this past week, and I did go long. Please refer to last week’s post for more details.
Remember to always have your own trading plan and never follow other people blindly. Know where you will be proven wrong on any trade and have stops in place. Respect those stops and never bet the farm.
On Ideas: Don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS