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TheBearTrader1

GBPNZD- KEEPING THINGS SIMPLE. SHORTS FROM HERE.

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
TheBearTrader1  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis GBP weakness Forex
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trendanalysis chartpattern waveanalysis gbp weakness forex
Shorts look good from here. Third touch of descending TL, fib retracement up into the 61.8, 50EMA acting as resistance shown by multiple wick candlesticks. Series of lower highs and lower lows. 7.5:1 RR, valid set up and I prefer this to my previous EURGBP I have just published (as they contradict each other with GBP different bias)
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