GBPNZD - DAILY - Bearish Bat with great confluence
Coming into completion at 1.787
Current reaction off AB=CD and looking for a continuation of price to complete pattern before looking for an entry on a lower time frame.
D completion is 50% retrace of July 2016 High
.236 retrace of pre-brexit high before the fall
Daily and 4HR RSI will be a good indicator of reversal once we enter the price zone.
Coming into completion at 1.787
Current reaction off AB=CD and looking for a continuation of price to complete pattern before looking for an entry on a lower time frame.
D completion is 50% retrace of July 2016 High
.236 retrace of pre-brexit high before the fall
Daily and 4HR RSI will be a good indicator of reversal once we enter the price zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.