Sunday, March 8, 2015

GBP/NZD

Looks like sideways/lower action to come..... H4 volume is bearish, stochastics clearly overbought, top of trend line, resistance at top of H4 cloud.... lining up to be good trade for a few hundred pips, these GA GN crosses move pretty big.. Will put BE SL's once it moves 50 pips or so in my direction... Got in a bit early but added where I thought would be max resistance. We'll see.  Planning to hold on for a few hundred pips min.
Did get 100 pip down move, didn't take profit, and it rallied super strongly against me, all the way past 2.0770 resistance. 

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