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manuseijas82

RETESTING AREA OF SENSITIVITY TO GO SHORT

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
manuseijas82  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBP NZD GBPNZD kiwi pound poundkiwi short shortsetup
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trendanalysis chartpattern indicator gbp nzd gbpnzd kiwi pound poundkiwi short shortsetup
- Price has been supported for a trendline since last December
-Broke out to the down side
- Now retesting
- Pin bar in the H4 rejecting area of resistance (there's also a candle in the daily chart rejecting this area)
- Waiting for confirmation (e.g. bearish engulfing candle)
- Posible target to previous area of buyers
What do you think?
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