GBP/NZD Signal- January 1, 2013
By: International FX Trading
Method: Tracking Institutional Trends
Description:Monthly chart develops an ascending wedge reversal. The weekly ends up in a bullish engulfing candle and the lows might be in place. The daily chart is busy with a head and shoulders reversal and we will be looking for a buying opportunity on the dip.
Recommendation: Buy at 1.9280 – stop ( 100 pips min) . Limit at 1.2060.
Aggressive traders can take small shorts from current levels and stop/reverse for longs at 1.9280’s.
Note: This is for swing/position traders only.
This signal was provided by Pieter de Necker from International FX Trading, a South Africa-based signals service that provides regular signals as well as live trading training options.
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