Phenlx
Long

GBP/NZD Touching Neckline of monthly iSHS = Countertrend set up?

FX:GBPNZD   British Pound/New Zealand Dollar
96 0 6
Formely published long scenario has not been triggered.
But we see with today´s candle that price has triggered the neckline of the inverted S-H-S which initiated the huge rallye which we saw between may and august last year.
This circumstance combined the fact that prices are almost on the bullish wedge´s lower trend support line (oversold marked phase) may be a reason for a countertrend set up on lower time frame.

I will prepare myself for a bullish trade set up!

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