Thread: GBPNZD trading calls

Pair looks very interesting right now.

What's Going to happen in 1.9900? I think we will undo from that point. Needs to go there, of course, but now that NZDUSD is about to top and GBPUSD is continuing on in its own breakout of a 4-year range upward, the potential for this particular pair is huge.

Who else is trading this pair?

It's tricky because I am very confident we won't see new low below 1.9630, and I am also quite confident that we will make new highs over 2.0425 (and quite probably 2.1000). The tricky part is do I just enter in now, or await a fall to 1.9900 which may not happen. It will look likely that we will see 1.9900, yet this choppiness is hard to read.

Well, the solution is I will wait to find out if 1.9900 gets struck. Got a buy order down at 1.9915--gotta take into account the mad spread with this pair. I feel like I am kind of nitpicking to save 70 pips when I am targeting over 1,000, but keeping an eye on this if it begins to look like 1.9900 ai not happening.

I traded it. Bought it as a breakout. No quantity to to keep it moving so it neglected as we could see. No quantity today overall. Today might have another try - AUD moments is coming out thus might get the opportunity then. Although I'm definitely going to be looking more at GBPAUD since it seems cleaner.

I truly doubt NZDUSD has topped yet. Down the move off the recent high was easy to get into Additionally, the high came in an unimportant place, so very unlikey to become THE high. GBPUSD looks to have made a bottom today, although not completely sure about that. NZDUSD will have to go up faster than GBPUSD if GBPNZD will go down. GBPNZD may also make it down to 1.9815, but I doubt it. 1.9450 is the ultimate place where it should not visit before touching 2.1000.

Originally Posted by ;

I exchanged it yesterday. Bought it as a breakout. No volume to keep it moving so it failed as we can see. No volume now all around. Now might have another attempt - AUD moments is coming out thus might find the chance then. Although I am going to be appearing more at GBPAUD since it looks cleaner.

GBPAUD does not seem to have as much potential to me. I seem at AUDNZD and it appears like it's going to be heading higher shortly. If that occurs then GBPNZD will probably be more powerful.

I left a GBPNZD long on Friday morning since price was too easy because range. Not any fakes.

I really like that pair. Its very volatile and frequently give good prospect.

Well, NZDUSD never did make a new high, it drifted lower instead. Same thing in reverse for GBPNZD. I believe we'll see new highs for NZDUSD, and vice versa for GBPNZD. NZDUSD will make a high around .8420, that's what I am expecting. For it to go there, it is going to have to travel over 120 pips in the bottom. This makes me believe GBPNZD will make a bigger sell-off than what I anticipated last night. I shifted my buy order on GBPNZD to 1.9800.

I believe NZDUSD is even worth going long right now for 0.8400 target. It is riskier than some other transactions, but still very probable, imo. I am not likely to post where my stop is, but I will say that it's much better than my target. It never is higher, and normally smaller.


EDIT: NEW low below 1.9880 for GBPNZD is what I meant. NOT below 1.9630

NZDUSD long remains on. Buy order for GBPNZD still on also.

Was tempted to move my stop to the low place last night at 0.8279 following the small rally. It's something I would have done at the not-so-distant ago, but experience tells me to give this some space--no longer than I'm targeting, however in such a case no less either. Likely one of my weakest transactions, but I think there is a fantastic prospect of winning so why not? This movement down was too simple, and you will see there is buying the whole way down up to now. It needs to be back to .8400 soon.

Originally Posted by ;

NZDUSD long remains on. Buy order for GBPNZD still on too.

Why is NZD/USD bullish? The daily chart appears quite bearish to me with a shooting star and bearish engulfing. Somehow I find it difficult to have a decent trade in this pair. It's ranging all the time.