simontien

Countertrend: a bullish daily engulfing setting up

Long
FX:GBPNZD   British Pound / New Zealand Dollar
As expected in 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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