Go short GBPNZD on momentum/price divergence & ending diagonal
1. This furious trend deserves correction (check daily/4H charts)
2. KD present on different timeframes
3. bunch of missed pivots below the price
4. Looks like EW ending diagonal pattern formed on the chart
Go short on break of the green trend trend line.
Target:
- initial: unhit weekly pivot at 2.2727
- whatever market gives, it may retrace substantialy, something like eg. 0.618 FIB
SL: 2.315
2. KD present on different timeframes
3. bunch of missed pivots below the price
4. Looks like EW ending diagonal pattern formed on the chart
Go short on break of the green trend trend line.
Target:
- initial: unhit weekly pivot at 2.2727
- whatever market gives, it may retrace substantialy, something like eg. 0.618 FIB
SL: 2.315
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