GBP/NZD: Short from Resistance 61.8% Fibo - SELL continuation
The GBP/NZD as predicted in previous Ideas, after a Pullback on the 61.8% Fibonacci Area in confluence with the Resistance Area ( White rectangle ) and the Dynamic Trendline, the price started to turn again bearish following the Main trend, the Downtrend. The Stochastic now is outside the Overbought area and is approaching the decline meanwhile the RSIis definitely a Bearish one. We are looking to reach our Take profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.