GBPNZD: Bearish ABCD Pattern & Bearish Forecast

Short

British Pound / New Zealand Dollar (FX:GBPNZD)

FX:GBPNZD British Pound / New Zealand Dollar

Trend Analysis Harmonic Patterns Chart Patterns GBPNZD

trendanalysis harmonicpatterns chartpattern gbpnzd

snapshot

GBPNZD has just reached a strong zone of resistance.

the underlined zone matches perfectly with a completion point of a bearish harmonic abcd.

Targets are projected based on the BC leg of the pattern.

T1 - 1.981 (0.5 of leg)
T2 - 1.966

Stop - 2.0

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