Potential bearish drop

16 thg 4

GBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit

Entry: 2.11475
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.

Stop loss: 2.12520
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension

Take profit: 2.10327
Why we like it:
There is a pullback support

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