GBP / NZD
Date: April-26-2016
Graphics 1D: Short Trend
Price on horizontal and diagonal resistances
Fibonacci: correction to 23.6%
Price Action: "Hanged man" of the 2 resistances and false breakout of a 23.6 Fibo
Alternative scenario: If the price break up over resistance and 23.6 fibo is possible to see new upward movement to new levels of resistance.
Indicators:
50/200MA - 200 is higher than 50 - a negative signal
DEM (14) - below 0.7
Price for entry about: 2.1100
SL: 2.12409
Jr_Trader_I_Ivanov
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