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Recorder87

GBPNZD

Long
British Pound / New Zealand Dollar (FOREXCOM:GBPNZD)  
Recorder87  
FOREXCOM:GBPNZD   British Pound / New Zealand Dollar
Harmonic Patterns Trend Analysis
5
0
harmonicpatterns trendanalysis
HI,
Newbie analysis here.
As shown in the chart Bat formation.
looking to long with TP1 0.618 fib level and TP2 0.886 fib level.
Stop loss is 200 points below point x.
The trend in monthly is higher lows . currently the chart is at the trend line and waiting for entry point.
Expect to have some strong reaction from the trendline.
Showing some divergence in the RSI too.
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