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jojofang0901

GBPNZD Double Tops, Watch for sell entry

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
jojofang0901  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Chart Patterns Flag Parallel Channel priceaction structure pattern impulse correction Wedge
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chartpattern flagpattern parallelchannel priceaction structure pattern impulse correction wedgepattern

Hello traders:

Looking at GBPNZD as if made its way up to a HTF double tops area.

Even though price broke up from this HTF channel/flag structure, but price moved up correctively. It formed ascending channel reversal structure.

Then we see price had a strong LTF breakout from that reversal correction.

Wait for clear continuation correction to get in on the bearish move.

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jojofang0901
GBPNZD Ready for the next impulse down
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