GBPNZD SHORT NY 11/03/21

SHORT:
1. 38.2 retracement on 4H
2. 61.8 retracement on Daily minor swing high and low
3. 50MA tap on 4H
4. Daily bearish MAs
5. Price action rejection on 1H
6. Clean range for rebalancing
7. Break and retest of clear zone on 4H & 1H
8. Weekly 9MA & 50MA bearish crossover
9. LH LL Major structure

Against
1. Weekly tapped Daily Key-level already
2. Relatively strong rejection level. Haven't tapped this level since February

Handel aktiv:

Just gave whoever saw this earlier a free trade :p

Kommentera:

9 confluences, that's literally 9 reasons why you should short