GBPNZD (Nov.2011)

There is a potential sell opportunity within 2.04 - 2.06 area. While general trend is bearish, a channel congestion as well as recent upwards from the end of August followed as general risk aversion may lead to a long term breaking of this bearish 3 year trend. As always, follow the oscillators movement for a confirmation of the entering positions. This trade may work only on a long (daily) term scale since current market uncertainties will very likely erase all tight stops.