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
Now there is the possibility to move SL to just above 38.2% Fibonacci retracement - 1.36