Similar to AUDNZD, GN rallied but failed at TL (trend line). The PA completed the bat and is expected to ret. at least to 23.6 testing good structure or even lower to 38.2 at strong structure.
Should the PA fail to ret. which is not likely according to strong RSI divergence, next short entry should be at ABCD completion on new HH (higher high) 1.996.
NZD is weak at the moment but the pound doesn't look strong either after disappointing UK data.
Should the PA fail to ret. which is not likely according to strong RSI divergence, next short entry should be at ABCD completion on new HH (higher high) 1.996.
NZD is weak at the moment but the pound doesn't look strong either after disappointing UK data.