GBPNZD Looking for short term upside
Hi traders:
I am looking at GBPNZD for some potential short term upside.
We see price on the higher time frame had a strong move to the downside, getting close to the bottom of the channel strucutre.
Price did correctively move down in a fallen wedge structure, adding confluence to the short buy.
Last bit of price action had an Inverse Head and Shoulder pattern, then price broke out of this smaller correction.
Looking to target the recent tops, beginning of the wedge structure. Once price hits that area then I will reevaluate.
Thank you
I am looking at GBPNZD for some potential short term upside.
We see price on the higher time frame had a strong move to the downside, getting close to the bottom of the channel strucutre.
Price did correctively move down in a fallen wedge structure, adding confluence to the short buy.
Last bit of price action had an Inverse Head and Shoulder pattern, then price broke out of this smaller correction.
Looking to target the recent tops, beginning of the wedge structure. Once price hits that area then I will reevaluate.
Thank you
Catatan
Higher Time Frame outlook and forecastCatatan
Wait for this correction to break out.Catatan
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Publikasi terkait
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.