Dear traders,
if you are thinking of catching a falling knife, try to BUY NZDGBP.
Of course there is plenty of space upside to play a mean reversion trade, or to sell from a last kiss at 0.48. But please wait for some more clue on GBP that will come out Wednesday.
We have Average Earnings Index and BOE Gov Carney Speaks + BOE Inflation Report.
This could be the trigger of a BUY or could push the instrument even lower.
Let's wait Wednesday my friend and we will know more about BOE's intention.
Cheers
R
if you are thinking of catching a falling knife, try to BUY NZDGBP.
Of course there is plenty of space upside to play a mean reversion trade, or to sell from a last kiss at 0.48. But please wait for some more clue on GBP that will come out Wednesday.
We have Average Earnings Index and BOE Gov Carney Speaks + BOE Inflation Report.
This could be the trigger of a BUY or could push the instrument even lower.
Let's wait Wednesday my friend and we will know more about BOE's intention.
Cheers
R