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GBPNZD Ready for the next impulse down
British Pound / New Zealand Dollar
Short
GBPNZD Ready for the next impulse down
By jojofang0901
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Updated
Feb 17, 2021
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Feb 17, 2021
Hello traders:
Looking at GBPNZD for bearish continuation opportunities.
We see price made a bearish impulse down from the previous corrective structure.
After an impulse, naturally price begin its corrective phrase, which is what we see now as a wedge/channel.
Latest price on the LTF formed an ascending channel move up to top of the wedge structure.
Look for bearish breakout confirmation, follow by LTF continuation correction to go.
Thank you
Feb 17, 2021
Comment
HTF:
Feb 19, 2021
Comment
Chart Patterns
correction
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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