Like some other USD pairs, GBPUSD closed within a key zone on long term timeframes.
*If this is helpful please LIKE or COMMENT so I know whether to keep sharing these charts*
MONTHLY (see main chart)
We have again entered a KEY pivot zone (yellow parallels) and approaching median line of major downtrend pitchfork (PF).
We attempted to enter this zone in...
We closed the week at a key decision point in the structure of NZDUSD.
It is the lower 50% line of a Modified Schiff Pitchfork drawn using the 2000 low, 2008 high and 2009 low.
This level will either show if we consolidate/correct here OR we accelerate towards 2016/17/18 highs.
I haven't drawn in the fibs but we closed just below the 50% retracement from the...
