GBPNZD Short - Multi Timefame Analysis
* GBPNZD Forming LH & LL on weekly and daily and stuck within a descending channel for last 2 months
* GBP had an extended move last week on election rumour but rejection at channel top last week
* Considering Election uncertainty on 12th Dec, it's unlikely to break to the upside before the result.
* After Friday's bearish engulfing candle close, price has retraced to 61.8% fib and previous support-now resistance at 2.0080-2.0100 area.
* Price seems to be respecting the level on lower time frame, there's RSI divergence on 1Hr timeframe and I believe this could be a good place to short
* GBP had an extended move last week on election rumour but rejection at channel top last week
* Considering Election uncertainty on 12th Dec, it's unlikely to break to the upside before the result.
* After Friday's bearish engulfing candle close, price has retraced to 61.8% fib and previous support-now resistance at 2.0080-2.0100 area.
* Price seems to be respecting the level on lower time frame, there's RSI divergence on 1Hr timeframe and I believe this could be a good place to short
Trade chiuso: obiettivo raggiunto
TP1 reached. Stop loss @ Breakeven for TP2
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.