TheBearTrader1

GBPNZD- ALL technicals pointing to this sinking

Short
OANDA:GBPNZD   British Pound / New Zealand Dollar
As we can see we are in a downtrend, however at the moment we are in a corrective phase of it, creating this rising wedge with a confluence of the 61.8 fib if we can reach the intersection of both trendlines this would be an optimum place for shorts and price would definitely react to this level even if it is not in our favour.

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