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British Pound / New Zealand Dollar
Short

Going Short on the GBP/NZD

By g4av1n
Updated
I have just entered short on the GBP/NZD pair, as price seems to be consolidating inside of a pennant. Price is bouncing off of the 200 MA on both the 4 four and daily chart where the 200 MA's meet. Daily stochastic indicates bearish movement and despite positive retail numbers, the GBP continues to go down.
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snapshot
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Moving stop to break even
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Closed at break even
Chart PatternsGBPGBPNZDTechnical IndicatorsNZDTrend Analysis
g4av1n

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