Short GBPNZD - Anticipating Bad GBP Data
Updated
Today GBP data is not significant. Nevertheless the GBPNZD has been Net Shorted since Asian session and now the price action break finally comes. I also expect the data to be bad so there is good chance the pair continue to drift downward.
I won't be taking full risk here given I've already have the USDCHF drift one, plus I want some room to play CAD news later in the day.
I won't be taking full risk here given I've already have the USDCHF drift one, plus I want some room to play CAD news later in the day.
Note
Actually I put on short GBPCHF trade at 1/2R as well. Contrary to GBPNZD which is already net short..GBPCHF is net long so perhaps here if data came out bad more stops can be hit?Note
Data came out good so my thesis is void. I'll be out for now.Note
Uhm..actually now that the "good news" is out of the bag..there should be nothing hindering further push on GBPNZD. If the candle close below the break point of 1.842 I may enter again.
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