Week of: 01/03/22 – 01/07/22
The World Wealth Gauge is showing some interesting readings this week. It’s indicating that the market wants to rally but isn’t quite sure about it, and hence we have the weak trend.
That tells me we need to be cautious, and with that in mind, I have picked my favorite trade this week from the currency space.
My pick is the GBPNZD and I think it’s got over 500 pips of potential opportunity.
I’m looking to sell between 2.0050 to 2.0265 levels, with a stop set at 2.0270.
My target here is at 1.9500 levels.
In today’s video, I’ll talk about why I love this trade and how there’s an awesome pattern playing out for this currency pair.
Check out this week’s top picks video for strategy details.
And for more tips and picks, you can join me in my Money Flow Trading Room. It’s where I talk about the markets every week.
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