GBP/NZD:Price reacts on Fibo level and dynamic trendline SHORT

The GBP/NZD remains inside a Bearish channel where a confluence of clues forecasts us a new bearish push. The price reacts on a 61.8% Fibo main swings, meanwhile, a Reversal Fibonacci pattern seems to give us another indication for our Idea. The 61.8% Fibo, where the price had to react it's also a confluence with the Dynamic trendline of the Bearish channel.No the last point to discuss is the Overbough stochastic signal with Divergence.

Commentaire: