The slope of this median line set is working extremely well, with price finding more than once resistance at the sliding parallel above the median line. We previously saw another rejection at the level, a sign that resistance is still present. Keep an eye for a sell setup completion before shorting GBPNZD
I am also in short on this pair as it was a falling three methods candlestick pattern on the daily timeframe and a bearish engulfing on the weekly timeframe. It is also a strong sell on every timeframe from a technical standpoint. investing.com/currencies/gbp-nzd-technical
Fxprotrader
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@justinholtgrave, Great info Justin.. Thanks for sharing and supporting ;)