GBPNZD Bearish Impulse Down, Watch for Continuations
Updated
Hi everyone:
GBPNZD is also on my watchlist for potential bearish continuation opportunities.
We can see that the higher time frame has formed into a larger parallel channel structure after the strong impulse phase.
Naturally price will correcting within, and good to be patient here to wait for bearish confirmation.
Latest development shows a lower time frame double tops,
price then impulse out of the HTF channel structure, very good sign for further bearish continuation.
Now that price has formed a LTF bearish flag, good indication of continuation price action,
wait for the correction to complete, and watch for sell down to previous lows.
Thank you
Note
higher time frame:Note
Watch for price to form further bearish continuation correction to add into more sell. Note
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