BEAUTIFUL SHORT setup pending for GBPNZD
Around 3 weeks ago, GBPNZD showed sighs of a reversal as the bears took over. This recent downtrend seems to be holding out with little sign of changing direction in the coming week. It is currently experiencing a pullback within the limits of its support and short term downtrend. Waiting for a 4hr close beyond 2.09842 and a retest of the soon to be ceiling.
Reasons to SHORT:
- Prices are in a downtrend
- Price is below EMA100
- Momentum is facing downwards and negative
- Stochastic is below 50, downward facing (need to wait for %D over %K)
Reasons to SHORT:
- Prices are in a downtrend
- Price is below EMA100
- Momentum is facing downwards and negative
- Stochastic is below 50, downward facing (need to wait for %D over %K)
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