Watching closely for a price break above 1.7777 to go long. Next stop will be the test of Sep'16 high of 1.8300. Also see my other post on GBPUSD. Thanks.
Commentaire
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GBPNZD Longer term outlook:
We could see price test 1.995 when 2 conditions are met: 1. Price to break above 1.777 and then close above 1.840 2. Short tem sells should not violate Nov'16 around 1.666
Transaction en cours
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We did not see price beaking above 1.777 from last post and continued to slide. Right now price has clearly broke above 1,720. Highly possible to see 1.83 in coming weeks.
Trade fermée: cible de profit atteinte
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Spot on for those longer term traders.
Commentaires
AhmadAlsady
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Do you have any idea about nfp tommorow
I still have buy lots and not close yet
SureFire_Trader
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@AhmadAlsady, I honestly don't use news events (FOMC,NFP etc) as they are tested to be unreliable metrics to my analysis. By eliminating them, I have higher win rates. For GBPNZD, we still have not seen price breaking above 1.777 as this level is crucial to have buyers rushing in to move the market. So there is no buy yet.
As what I see, GBP at this moment is at accumulation period, and any down side is expected to be shallow but upmove would be strong (80% probability). Look at my stoploss for GBPUSD, if you don't see price dropping below that level, then there is high chance to reach the target.
AhmadAlsady
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Do you think it will hit 1.9 soon?
SureFire_Trader
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@AhmadAlsady, I won't say it can't but how long that would take. As a trader you watch when 1st target is hit. Take profit and review if the chart has momentum to push higher, and enter on a pull back.
I still have buy lots and not close yet