I am shorting GBPUSD in the 1.28-1.29 zone because of 4 technical reasons.
1. It broke out of the Brexit channel in October and now is close to testing the previous support of the channel (the red line and green arrows)
2. This zone is also an 618 retracement of the impulse move marked as "1 to 2"
3. The RSI/7 ...
I am short on the NZDUSD because of a Gartley formation and RSI going oversold (89)
Entry at 0.73
SL at 0.73802
I will put my sl to breakeven as soon as TP1 is reached. Trading 3 positions in total
Previous Gartley on COPPER worked out great! Second Gartley has formed and hopefully we will get 2 out of 2. RSI going overbought (82.9) and copper still trading within the triangle gives us extra confirmation for a short.
This pair formed an H&S pattern, broke the neckline and had an impulsive to the downside. Now it is back again at the 0.7200 even handle, where the neckline was. Giving the previous support (now resistance) at this level and the RSI going overbought I am SHORT on the NZDUSD.