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tanvirankurs
May 23, 2017 7:54 PM

GBP/NZD Shorting Opportunity Short

British Pound/New Zealand DollarFXCM

Description

Reasons:

  • Bearish Head & Shoulders @ Confluence of Resistance in higher time-frames.
    Stoch RSI is now "Over Sold", so a pull-back is needed for further bearish continuation.
    Past support should become future resistance and here we get a 61.8% Fibonacci retracement level as confluence.


Trade Safe. :)

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Trade closed: target reached

Retraced less but take profit is hit

Trade closed: target reached

+613 Pips
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