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GBPNZD 21 replies

GBPNZD hedge help 3 replies

Why does NZD carry more weight in GBPNZD? 3 replies

GBPNZD - How do you trade it? 2 replies

huge spike of GBPNZD by ibfx (from 2.74 to 1.16) 9 replies

Attachments: GBPNZD trading calls
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GBPNZD trading calls

Quoting ZebraSquirl
{quote} BE= breakeven ... and I just stopped out (sad trombone music) ... Retesting 1.974 ... .
Dang, would've been a nice scalp from a retest of 1.974, but had to step away for a bit ... .

Should've scalped it from that level the first time around when I was stopped out at BE. Oh, well. Nothing lost.
Fireworks are fun ... as long as you don't blow your fingers off.
1.9740 , I quit positive that we might seeing before the market close ?? Or on monday ^_^
Learning and Learing
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As Above, So Below
Hope everyone had a good bull run last week. This week the levels I will be looking at is 1.9750 and 1.9650.
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Good luck.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
GN , I am still looking for heading north...and the target is roughly around 1.9720 for today..
Learning and Learing
Rate Hike expected from 3.25% to 3.50% for nzd this week. Added shorts on gbpnzd and eurnzd.
thank for the information.
Learning and Learing
Quoting FXSayWhat
Hope everyone had a good bull run last week. This week the levels I will be looking at is 1.9750 and 1.9650. {image} Good luck.

Seems that 1.9650/55 is beeing rejected... maybe..
Online Prop Firms are not the solution
Quoting pungggi
{quote} Seems that 1.9650/55 is beeing rejected... maybe..
rejected a second time..
Online Prop Firms are not the solution
Quoting pungggi
{quote} rejected a second time..
it is more like a support line rather than resistance.
As Above, So Below
Quoting tashkent
{quote} it is more like a support line rather than resistance.
ok i think we are both right.. have you ever read this sentence: A support line turning a resistance line?
Online Prop Firms are not the solution
anybody bullish on this pair?
As Above, So Below
Quoting tashkent
anybody bullish on this pair?
I'm bearish myself. seems a bit bought on the daily
We're either looking at a potential double top or 2B formation around 97 area... If we break this we'll likely see 9920 area before the end of the month.

RBNZ will probably decide what will happen with this pair...

long so I'm speculating for either 3.25 or the end of rate hikes.
Quoting FXSayWhat
Hope everyone had a good bull run last week. This week the levels I will be looking at is 1.9750 and 1.9650. {image} Good luck.
Took a short on the 1.9700 level during AUD CPI release, target 1.9650 for a 50 pips run
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Moments later, target was hit.
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Good run.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
I see a bearlish gap on daily us also a double bounce from 1,9700 i'm going short.The double bounce from 1,9700 looks to me like someone was killing stops or whanted to fill some orders.I see us first target 1,9550 on H4.
20 minutes way (2:00 PM) from NZD rate minutes, GBPNZD breaking below 1.9600.
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If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
Anybody long in GBP/NZD a few minutes ago? I was short, had some profit and had just moved my stop loss to pretty close to current price. Stop loss didn't execute until 140 pips beyond my stop loss.
200 pips upon 25 basis points rate hike to 3.5%.
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I did not place any trade, just observing the price action.

Fun pair to watch.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
Personally I was short and got destroyed. But I think the price paid was well worth the lesson learned. The phrase, "buy the rumor and sell the news" comes to mind. An interest rate hike of 3.5% was expected (rumored) on the NZD and it traded accordingly (GBP/NZD went down). But just think about WHEN news is released; if it turns out to be 3.5%, then nothing really happens because it was priced in already, and if rumor was false and it was lower, then GBP/NZD would have shot up. So either way, i should have probably have taken my profit before news.
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