Tuesday, March 10, 2015
GBP/NZD
Daily volume = bearish... still down on this trade... rallied to huge resistance area and has come down around 100 pips from highs to the lows early this session. I'm not sure where we're going. H4 momentum is still insanely overbought and needs to come down, but it's "trending" higher on H4... D1 volume is what only can be seen as bearish, however momentum still to upside on D1 H4..... this is a tough one, I already removed one 1.0 lot position when it was in profit, and as we go lower I plan to reduce my leverage some more, but I really do see this pair coming down back to my entries at 2.05xx , probably lower.
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