Get started
remelthomas

GBPNZD 4 HOUR SHORT

Short
British Pound / New Zealand Dollar (FX_IDC:GBPNZD)  
remelthomas  
FX_IDC:GBPNZD   British Pound / New Zealand Dollar
textbook Support and Resistance retrace retracement Fibonacci fib Fibonacci Retracement 38.2 382 Fibonacci Retracement 61.8 Double Top Pin Bar Inverted Hammer neckline short SELL Bearish Patterns downtrend continuation sellhigh pound GBP (British Pound) NZD gbpnzd4hr gbpnzdshort GBPNZD
0
0
textbook supportandresistance retrace retracement fibonacci fib fibonacciretracement 38.2 382fibonacciretracement 61.8 doubletop pinbar invertedhammer neckline short sell bearish downtrend continuation sellhigh pound gbp-british-pound nzd gbpnzd4hr gbpnzdshort gbpnzd
basic textbook setup. price has retraced into a key resistance level which also has 2 fibs lined up with it aswell (38.2% and 61.8%). double top has now formed and price has bounce off the Resistance forming a pin bar/inverted hammer. Target at the neckline of double top.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.