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munyaelliott
May 23, 2019 3:31 PM

GBP/NZD DAILY TIMEFRAME SHORT Short

British Pound/New Zealand DollarFXCM

Description

GBP/NZD has just broken out of the corrective structure to the downside, therefore we expect a further continuation to the downside over the next hours/days. Price formed a bearish flag pattern after a big impulsive move to the downside. The technicals of this trade are as follows:

Take Profit 1: 1.87247
Take Profit 2: 1.82568

"The definition of insanity is doing the same thing over and over again and expect different results" - Albert Einstein
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