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GBPNZD Potential Shorts at 1.96000!

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
ChartAddicts  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Technical Indicators Chart Patterns gpbnzd short confluence highertimeframes priceaction supply_and_demand candlestickpattern support resistence
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trendanalysis indicator chartpattern gpbnzd short confluence highertimeframes priceaction supply_and_demand candlestickpattern support resistence
GBPNZD has created a beautiful head and shoulders formation. By looking at the chart above we can see price has cleared the neckline with a strong bearish shift. If price can pull back to 1.96000 with signs of rejection, we can look to sell this down to 1.87500. If price does not give us a rejection or if it breaks above 1.96000 we must reevaluate price action.
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