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Short

GBPNZD 4H BEARISH BIAS SHORT TRADE

FX:GBPNZD   British Pound / New Zealand Dollar
Price at 100 sma so it can bounce bullish or breakout bearish

Price has failed twice to hold above 100 sma - Bearish Bias

Bearish Bias: Macd Over-bought, Macd below Red signal line

1st Short position - Price closes on 30m candle below 100 sma
Price can fall to 50 sma for 1st Short TP - take 1/2 off position and let rest run

At 50 sma price can bounce bullish or breakout bearish
2nd Short position - Price closes on 30m candle below 50 sma
2nd Short TP is previous support @ 1.9127

Find your own appropriate SL's

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