GBPNZD Bearish Impulse Down, Watch for Continuations
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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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.