GBPNZD potential SHORT !!
This could be a potential bounce from the Trend line and if today's DAILY candle closes within the previous days range then we have ourselves an INSIDE BAR pattern. This price action will indicate a potential reversal of price to the downside.
Price is currently at 61.8% Fibonacci retracement which is a high probability zone for price rejection.
STOCHASTIC - SELL
RSI - in bullish territory
A break above 2.08006 will invalidate this technical analysis!
R
Price is currently at 61.8% Fibonacci retracement which is a high probability zone for price rejection.
STOCHASTIC - SELL
RSI - in bullish territory
A break above 2.08006 will invalidate this technical analysis!
R
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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.