GBPNZD Short

9 thg 6, 2019

Price shows strong Bearish Movement, and has been trending within descending channel, 4 Hour Fib Level shows a retracement level at 1.91722 which is also where downtrend continues. Therefore Stop Loss placed above Fib Retracement Level and Downtrend line. Average pullback is around 72 PIPs well within Sell Area to initiate trade. As per previous analysis SL has been placed slightly above price action to avoid Stop Loss initiating as per previous mistake. No major Fundamental Analysis expected, Sentiment analysis shows Strong Sell.