Looking at GBPNZD for the week, I see the possibility of it going short, it tested the POC area already at 2.00930,failure to break this level or the trendline upward we go short, knowing that more Contract was added on short on the GBP compared to the NZD, Also there is more weight on the GBP compare to the NZD, again the volatility for Gbpnzd was slightly increased by 0.3%. Therefore, my overall bias for this pair is short.
Wait for a proper price action before going short as the price may likely go up for a stop hunt.
Also, let me know your take on the comment session about this pair. thanks
Wait for a proper price action before going short as the price may likely go up for a stop hunt.
Also, let me know your take on the comment session about this pair. thanks