GBPNZD - Short Reversal Trade
Pros:
Monthly - Below key support level - new all time lows made in past 2 weeks - Bearish
Weekly - Doji after pull back weekly candle, at support turned resistance
Daily - 5 indecision candlesticks at resistance zone;
- 0.618 fib retracement/ resistance level
4hr - Double top
Cons:
Pull back further to past monthly support
Pros:
Monthly - Below key support level - new all time lows made in past 2 weeks - Bearish
Weekly - Doji after pull back weekly candle, at support turned resistance
Daily - 5 indecision candlesticks at resistance zone;
- 0.618 fib retracement/ resistance level
4hr - Double top
Cons:
Pull back further to past monthly support
