GBPNZD has now completely retraced from the last push to the upside, Gbreaking a key zone and forming a neckline to give us a potential head n shoulders early entry. With Fib clusters at the entry zone and notice the large supply candle it is also 50% giving us a strong confluence sell target area in the market for a continuation to the downside. To add confidence the MACD is building a hidden divergence signal to suggest a continuation of current movement.
Trade active
Trade closed: stop reached