GBPNZD LONG MARKET ORDER SWING

Panjang

Paun British / Dolar New Zealand (FOREXCOM:GBPNZD)

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FOREXCOM:GBPNZD Paun British / Dolar New Zealand

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GBPNZD has been bearish for awhile now and it has reached the .618 Fib level on the daily chart. With yesterday's move it broke the CTL to the upside. With the ADX above 20 and the StochRSI in the Buy Zone this is a good place to get in. Stop because the ATR is 112 pips a day makes the stop have to be below the 1.9000 pivot level. Target the 1.9618 to 2.000 level. Equality management is a must!!!
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Trial stop hit a 100 pips I will look to 2hr fibs to get back in if in line

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