GBP/NZD:DOWNTREND | PRICE ACTION | SHORT SETUP 🔔

THE GBP/NZD despite the reaction had GBP/USD seems to consolidate its bearish momentum inside a bearish channel where the price finds a turning point for a new pushdown on the Fibo Level 61.8% from the Previous Main swing and in confluence with the Trendline of the bearish channel. The Stochastic is in an overbought moment and will re-enter the normal range soon. Also, the Ichimoku forecast doesn't change his Bias showing the scenario Red. The combination of all these points gives us a clear SHort signal.