GBP/NZD: SHORT from Resistance Pullback 50Ma SELL for FX:GBPNZD by FOREXN1

GBP/NZD: SHORT from Resistance Pullback 50Ma SELL

GBP/NZD As explained in our last Ideas , the price inside a Bearish channel , find previously the 50% Fibonacci with the Dynamic trendline as Resistance to have a pullback and after reaching our first take Profit, the price retested a previous resistance line at 1.9066 that, with the presence of the 50 Moving average turned again in a bearish side for a new Pushdown by the price. Divergence in RSI and Stochastic are additional clues for out thesis.

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GBP/NZD:Price in Bearish channel , Waiting for new SHORT Impulse

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