looking for short on pound new zealand

19 Feb 2019

hey guys,

on pound new zealand the market has recently touched a decent level of support and we see a decent pullback.
The price is coiling in a rising wedge, and I will be looking for a bearish violation of it inside a potential reversal zone.

our potential reversal zone here is the range between two decent levels of resistance.


we can not precisely identify a major level here, so we use a zone instead.
Inside this zone we are looking for a confirmation reversal signal.
As it occurs it gives us a nice opportunity to sell the market.

targets based on structure.

good luck!

19 Feb 2019

Catatan

market entered a potential reversal zone