Hi Guys, the GBPNZD is in a daily corrective structure.Breaking the up trend could start a down impulse on the daily so keep an eye on it . I will be posting updates on lower time frame , possible one more move up on the 240 .
You keep posting GBPJPY long ideas, with an expectation of GBP strenght...which I am OK with.
Now you have posted this, in which you expect the GBP to weaken compared the NZD!?!?!
Why do you post contradicting ideas, contradicting yourself? The more you post, the more probable to have a good idea?
You can’t be bullish and bearish on the GBP at the same time, with this two ideas (GBPJPY long, GBPNZD short) you just say NZDJPY long!
MansonYee
⋅
@adam234, Hi Adam, Sorry for being busy body here. The long for GBPJPY, not necessary an expectation of strong GBP but can be due to weak of JPY. On GBPNZD too , the currency affecting the move can be strong NZD. Everyone have their own trading method and own mentality. If we are trading using wave, we should only look at the wave structure and not the comparison currency pair. Cheers...no hard feeling ..ok?
adam234
⋅
@AlbertYee, of couse not, just to make it clear for those who don't know....wave structure or anything else doesn't matter...
but after doing the thinking whatever method you use, it should be clear to everyone: gbpjpy long + nzdgbp short = NZDJPY long
@adam234, Anil does not post it based on GBP being strong or weak. Fundamental does not play vital role in his analysis. He post his expectation based on structures that are formed whether impulsive or corrective associated with the trend the pair is in - uptrend or downtrend. If you see his post it does not relate to economic indicators but mostly on patterns he identifies on charts. It is quite possible that GBPNZD may be in downward trend and GBPJPY in upward trend.
iamsenna
⋅
@adam234, it's an expectation that the GBP is strong AGAINST the JPY, and the GBP is weak AGAINST the NZD.
Just because you believe that a currency is strong/weak against a certain currency - doesn't mean that will be the same case for all other currencies.
JuvenalMachado
⋅
@adam234, take a look at the chart and his predictions 10 days later. What do you think?
winerstep
⋅
Please Mr Any Update ?
ntt1411983
⋅
Anil, any update for this pair. It seems like total break the down move.
Now you have posted this, in which you expect the GBP to weaken compared the NZD!?!?!
Why do you post contradicting ideas, contradicting yourself? The more you post, the more probable to have a good idea?
You can’t be bullish and bearish on the GBP at the same time, with this two ideas (GBPJPY long, GBPNZD short) you just say NZDJPY long!