THIS WHOLE TRADE IS BASED UPON WHAT I SEE ON THE WEEKLY
WHERE GBPNZD STILL HAS TONS OF UPSIDE POTENTIONAL BUT IS ALSO
IN A PULLBACK MODE.
THIS LEVEL BELOW IS IMPORTANT AND ONE CAN TAKE SEVERAL TRADE OPTIONS
BASED UPON IT
1. EXPECT PRICE TO BOUNCE AND CONTINUE ITS WEEKLY UPTREND.
2. EXPECT PRICE TO PULLBACK TO THE UPSIDE A BIT THEN HEAD DOWN AND BREAK IT.
WOULD OPEN UP AN AWESOME SHORT TRADE
3. EXPECT PRICE TO BE OVERSOLD NOW ON THIS 60 MINS SO THE POUND WILL
BITE BACK AND HEAD UP AGAIN
THESE LARGE SWINGS ON 60 MINS TEMPT ME TO TRY OPTION 1 AND 3. I WONT RUSH INTO IT THO.
I WANT THIS LEVEL TO BE PROPERLY TESTED FIRST.
WHERE GBPNZD STILL HAS TONS OF UPSIDE POTENTIONAL BUT IS ALSO
IN A PULLBACK MODE.
THIS LEVEL BELOW IS IMPORTANT AND ONE CAN TAKE SEVERAL TRADE OPTIONS
BASED UPON IT
1. EXPECT PRICE TO BOUNCE AND CONTINUE ITS WEEKLY UPTREND.
2. EXPECT PRICE TO PULLBACK TO THE UPSIDE A BIT THEN HEAD DOWN AND BREAK IT.
WOULD OPEN UP AN AWESOME SHORT TRADE
3. EXPECT PRICE TO BE OVERSOLD NOW ON THIS 60 MINS SO THE POUND WILL
BITE BACK AND HEAD UP AGAIN
THESE LARGE SWINGS ON 60 MINS TEMPT ME TO TRY OPTION 1 AND 3. I WONT RUSH INTO IT THO.
I WANT THIS LEVEL TO BE PROPERLY TESTED FIRST.
