GBPNZD Sell form the top, again

10 Mar 2021

Hello everyone:

GBPNZD is once again at the top of its HTF continuation structure, and there is good price action forming to give us another sell opportunity.

We see from the previous sell setup that price failed to break out the HTF channel, and made another move up.

This is simply an indication the HTF structure isn't finishing correcting at that time, and we likely to get another move up before the reversal.

Latest price shows us a price moves up to the top and form a double tops, "M" style reversal structure forming.

Wait for price to breakout of the LTF ascending channel, and look for continuation correction to sell.

Thank you