Hello traders!
We can see here on the 1h GBPNZD chart that price is forming lower highs and lower lows. After previously making a 61.8% retracement we are now expecting an equal high and then move to the downside all the way to the previous low. This would give us a nice short setup with great R:R.
We can see here on the 1h GBPNZD chart that price is forming lower highs and lower lows. After previously making a 61.8% retracement we are now expecting an equal high and then move to the downside all the way to the previous low. This would give us a nice short setup with great R:R.