I don't have a view on short or medium term. I see it up long-term. I believe the GBP is undervalued and NZD is overvalued. That's why I believe it will balance by going up. I only open positions that I believe are profitable long-term because I have the time to wait and I believe that short and medium term is hard to catch and might be tricky.
I also never open long trade in case we are on a multiyear top or short trade if we are on a multiyear low. As we are on multiyear low I will never open short and only long, the thing is when. Timing is really difficult. I believe that GBP NZD might move to 1.9 so be prepared in case the pair doesn't perform as you want it.
Regards,
Octacomm
I also never open long trade in case we are on a multiyear top or short trade if we are on a multiyear low. As we are on multiyear low I will never open short and only long, the thing is when. Timing is really difficult. I believe that GBP NZD might move to 1.9 so be prepared in case the pair doesn't perform as you want it.
Regards,
Octacomm