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WarrenBennett
Apr 24, 2020 10:06 AM

Short idea GBP NZD - Double top and H&S formed Short

British Pound/New Zealand DollarFXCM

Description

The rising flag is being respected, there is also a strong level of resistance being respected multiple times on higher time frames too. We have a double top pushing exhaustion and then a head and shoulders on the hourly timeframe. I'm expecting it to break the channel downwards, retest then hit the strong support line. Please share your views with me, and of course like and comment if you agree
Comments
Jack_Brown
YEs, it looks to be bearish over all, but the pair is having a behavior of touching the daily high more than once per day, so entry point should be chosen carefully
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