AdamFx42
Short

Nice setup for a Short in GbpNzd

FX_IDC:GBPNZD   British Pound/New Zealand Dollar
I think I have found an interesting setup on the 4 hour chart in GbpNzd             for a short position

Price is currently right below 100 Simple moving Average
and just below 38.2% Fibonacci retracement level of last move down
these combined resistance levels should hold the price below,
and pair is already bearish being below daily trendline and a top seems in place daily-weekly

I have put my stopp loss just above 50% fibonacci retracement at 1.3604 / just to be sure
My take profit is the 61.8% fibonacci expansion level of last move
and is jus above 1.32 // I plan to TP just above this possible target
Price started to move down immediately after publishing // so resistance seems to be on
Now there is the possibility to move SL to just above 38.2% Fibonacci retracement - 1.36
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