simontien
Long

Countertrend: a bullish daily engulfing setting up

FX:GBPNZD   British Pound/New Zealand Dollar
As expected in
Could be a nice 2:1 RR trade
this pair continues to head south.

Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside.
On lower timeframe (4h) a double bottom already completed with bullish RSI divergence.
This could trigger a nice countertrend long trade before looking to a continuation downside (to the weekly resistance level).

Wait and see completion of daily candle to get involved long.

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