looking for short on pound new zealand
Updated
hey guys,
on pound new zealand the market has recently touched a decent level of support and we see a decent pullback.
The price is coiling in a rising wedge, and I will be looking for a bearish violation of it inside a potential reversal zone.
our potential reversal zone here is the range between two decent levels of resistance.
we can not precisely identify a major level here, so we use a zone instead.
Inside this zone we are looking for a confirmation reversal signal.
As it occurs it gives us a nice opportunity to sell the market.
targets based on structure.
good luck!
Note
market entered a potential reversal zone
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