GBPNZD 4 HOUR SHORT

Theo remelthomas
basic textbook setup. price has retraced into a key resistance level which also has 2 fibs lined up with it aswell (38.2% and 61.8%). double top has now formed and price has bounce off the Resistance forming a pin bar/inverted hammer. Target at the neckline of double top.
38.2382 Fibonacci Retracement61.8Bearish PatternscontinuationDouble TopdowntrendfibFibonacciFibonacci RetracementGBP (British Pound)GBPNZDgbpnzd4hrgbpnzdshortInverted HammernecklineNZDPin BarpoundretraceretracementSELLsellhighshortSupport and Resistancetextbook
remelthomas

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