FX:NZDUSD   New Zealand Dollar / U.S. Dollar
622 6
This pair is reacting near a strong resistance, we can see it on W1 chart.

Looking at D1 chart there are some more reasons:

1) Pinbar
2) R1 pivot resistance
3) 0.7860 fib retracement
4) a bullish swing against the main bearish trend
5) a gartley pattern

Although the R/R ratio is not so good for me i want to be conservative and place the SL following the rules, above the X point of the gartley .

Best regards
my view....

SignalSwiss SignalSwiss
Exactly how I am trading it. Goodluck
Sweet , oh man if this short works then its gonna be cool for our GbpNzd longs
yes, the NZD is overbought and i expect the GBP will recover next week
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