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GBPNZD 4H Short based on Head and Shoulders & Flipzone
British Pound / New Zealand Dollar
Short
GBPNZD 4H Short based on Head and Shoulders & Flipzone
By The3MBlueprint
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Nov 7, 2022
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Nov 7, 2022
The neck line has been broken and has begun it's descent.
However there is the potential for a pullback to occur to the 1.967/1.957 area based on Fib levels 50.0 and 61.8.
There is a forecast negative report on GBP growth this week which can contribute toward the continued downward movement.
Chart Patterns
Fibonacci
Head and Shoulders
The3MBlueprint
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