GBP/NZD: Short from Resistance 61.8% Fibo - SELL continuation
Updated
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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