willis

GBPNZD Short confluence

Short
FX:GBPNZD   British Pound / New Zealand Dollar
2
Confluence of factors made me take short position

-downsloping trendline in 4hr
-bearish harmonic
-knocking at 200 day ma
-at previous support turned resistance
-reverse divergence rsi
nzd higher rates

short at `1.9440 with 1.8850 initial target

stop loss above recent formed double top on 1 hour chart, 1.9520ish
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.