Retracing Back From Top of Rising Wedge : Short for 200 Pips
Even though after BOE there was no big movement in pair , we expect price to follow its technical price action , which suggests retracement from top of wedge line towards 20 DMA or maybe lower,
For now we are short on pair for test of 20DMA , but since rising wedge is a Bearish Pattern , we will hold GBPNZD short for futher weakness,
For now we are short on pair for test of 20DMA , but since rising wedge is a Bearish Pattern , we will hold GBPNZD short for futher weakness,