Wednesday, June 22, 2011


To the left is a 4 hour chart of the GBP/NZD, and it looks like for the second time in the last few days the pair has broken the previous low mark @1.9857. I don't see a whole lot of setups yet for this pair, but I would try to be patient and sell a retest of the trendline shown in yellow, or play it as a breakout and sell it now, but neither option do I love. In the end I feel there is nothing saying that this pair isnt heading lower in the intermediate to long term future but I dont see a good entry spot for a short term trade.


  1. great thanks for this. whilst i don't trade like you i find this analysis really useful, particular when you give potential levels.

  2. Yeah np, and when you request stuff feel free to give a timeframe if you want a specific one looked at.

  3. would be good to look at last 10 years please