GBPNZD (LONG)
> the previous trade buy institutional investors on GBPNZD was to sell at 2.062 and it was later covered yesterday's night.
> Now technical analysis suggests that the support level below which was tested previously is very strong to break down.
> Also the price fell drastically at 2:30 am Indian time. which in GBP pairs can also mean fake-out to buy the sellers down at buying potential zone.
if I'm right then the sellers will bought by institutional investors driving the price down.
> if i'm wrong and NZD is active then the NZDUSD trade that I also suggested long will make a profit.
> hedging with low risk can be a benifical factor here.
best of luck.
> Now technical analysis suggests that the support level below which was tested previously is very strong to break down.
> Also the price fell drastically at 2:30 am Indian time. which in GBP pairs can also mean fake-out to buy the sellers down at buying potential zone.
if I'm right then the sellers will bought by institutional investors driving the price down.
> if i'm wrong and NZD is active then the NZDUSD trade that I also suggested long will make a profit.
> hedging with low risk can be a benifical factor here.
best of luck.
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