GBPNZD > Bearish Bat Pattern, Good for A Sell..
Analysis of #GBPNZD
Hi traders, today we will have a look at #GBPNZD
The GBPNZD has been moving sideways for a while now, and when the market moves like that, my favorite way of taking them is using harmonic patterns.
looking at my chart you can see I have a bearish harmonic bat pattern that might complete the D leg soon near key market level 1.9400, which I like to see.
Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPNZD
The GBPNZD has been moving sideways for a while now, and when the market moves like that, my favorite way of taking them is using harmonic patterns.
looking at my chart you can see I have a bearish harmonic bat pattern that might complete the D leg soon near key market level 1.9400, which I like to see.
Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Related publications
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.