Author: Ademiluyi Adegboyega

Ademiluyi Adegboyega is a 24 years old Nigerian underground Forex Trader and has been actively involved in trading for over 2 years and during those time has learnt a great deal in understanding the market and fine tuning his trading strategy. He’s also a digital marketer and helps clients and companies in running their online ads in generating leads and sales. You can connect with him on facebook through http://facebook.com/davda202
GBPNZD Daily Outlook, 06/08/2014

GBPNZD Daily Outlook, 06/08/2014

Technical Analysis
I will like to show you a setup on the GBPNZD on the daily timeframe, the price movement that it has been given this past few days has been sort of enticing so if you are part of those that loves nice setup to trade with, then here it is because this will span over a several days. In the image above, you can see on the daily that price tested the previous level which was the 4th June which led to price to move straight down to the levels below where it rallied before heading back up. Now price is repeating itself again when price got back to that level on the 29th simply see what happened... now am still sell biased to this setup that price would still head back down based on the following reason... Price is at a major key level area, price is at the weekly resistance and ther...