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GbpNzd is gaining momentum to the down side

The British pound is giving ground to the New Zealand dollar this Monday. The currency pair is showing a steady downward trajectory with a few retracements on the way down. It is still not quite the type of price action we like to see but GbpNzd might be a good play to get 75 pips while keeping a 40-50 pip stop loss. A little wider than we normally use but that is because of the extra volatility that is in the market now. Not the best of environments but if you must trade you can try it. We are now doing forex training and forex coaching for interested individuals.

Find Out What Pair The Bankers Are Trading Everyday- Delivered to Your Email

                   How is Forex trading going for you lately ? Probably not great, I know. I have a solution for you. Subscribe to my newsletter. Clifford Bryan is Managing Director of Grassroots Currency Speculation. Having graduated from Morehouse College at the age of 22, Mr. Clifford Bryan has more than 13 years of experience in the financial markets with a specific focus on currencies. His career started at Oanda where he worked on the interbank FX trading desk making markets in foreign exchange and later in the cross markets proprietary trading group where he traded FX spot.  In 2003, Clifford joined Blueskimmer and started Grassrootscurrencyspeculation.blogspot.com, a leading online foreign exchange research portal. As Chief Strategist, he managed a team of analysts dedicated to providing research and commentary on the foreign exchange market. In 2008, Clifford joined GRCS as Director of Currency Research where he provided...