Pip_Alchemist
Short

GBPNZD potential SHORT !!

FX:GBPNZD   British Pound/New Zealand Dollar
27 0 1
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

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