FX:GBPNZD   British Pound / New Zealand Dollar
25 0 1
GBPNZD             - Short Reversal Trade

Pros:
Monthly - Below key support level - new all time lows made in past 2 weeks - Bearish
Weekly - Doji after pull back weekly candle, at support turned resistance
Daily - 5 indecision candlesticks at resistance zone ;
- 0.618 fib retracement/ resistance level
4hr - Double top


Cons:
Pull back further to past monthly support

Related Ideas

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