Today morning grabbing my coffee , i was looking into the GBP NZD pair and realized that the pair had rebounded as expected from the trend line and has had a significant move in the opposite direction as expected.

Well I am glad , i had waited for the news before placing an order, otherwise i would have surely been stopped out.
It always better to stick to a plan before trading and never rush to open a position.

Going through the charts , i noticed the Sterling has gained significantly against the other crosses eg (GBPJPY and GBPNZD) and have decided to trade upside against the sterling crosses But looking at the charts after a 210 pip move to the upside there would be risk in opening a position for the upside.
Some resistance will be seen around the 1.9400-1.9420 area, so I would prefer to wait or scalp a few pips when it hits the resistance area.

Good day.
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