AdamFx42
Short

Nice setup for a Short in GbpNzd

FX_IDC:GBPNZD   POUND STERLING / 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
AdamFx42
a year ago
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
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out