Setup: A confirmed down trend and a downward channel on the H4, price has showed a rejection (pin bar) off the edge of the channel, which coincides with the 38.2% fib level; additionally the RSI is at an overbought zone. TP is set at the bottom edge of the channel, SL is above the pin bar.
Trade closed: stop reached
Chart PatternsGBPNZDTechnical IndicatorsSELLshortTechnical AnalysisTrend Analysis

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