Paun British / Dolar New Zealand
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GBPNZD - Long term BUY analysis

144
Hi Traders,

I have another idea here which i think will play out very nicely, I have bought GBPNZD LONG TERM with the target of 2.2. Technically, a fib .618 retrace is likely at this stage.

The bias against the kiwi here also is quite appealing.

I trade on two levels, buying at low prices to build a good low base for the target. Secondly, having shorter 1-5 day trades to cover interest and build a modest monthly profit.

I may hedge depending on my risk appetite for that particular instrument.

Good luck,
Have fun
Nota
Party is still on! 2.1 next

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