GBPNZD Short - Bat Pattern
GBPNZD Setting up for a sell opportunity!
1) RSI Very Overbought - currently at 80ish level.
2) The Bullish spike was triggered by USD News but found resistance at the Strong Support area.
3) The strong support structure area coincides with 0.786 fibonachi level.
1) RSI Very Overbought - currently at 80ish level.
2) The Bullish spike was triggered by USD News but found resistance at the Strong Support area.
3) The strong support structure area coincides with 0.786 fibonachi level.
Note
TP 1 is 0.382 fib measured from (A-D)TP 2 is 0.618 fib measured from (A-D)
Note
The Bullish spike was triggered by GBP news not USD*.
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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.