farid_ardavani

GBPNZD; is it boiling up for an impulse?

FX:GBPNZD   British Pound/New Zealand Dollar
this triangle may be end of corrective phase which is a combination correction.
only a break out above (d) wave of triangle AND moving impulsive is a confirmation for this setup because still it has room for downside.
note the divergence.
Comment: this is daily view. important swings make a gartley harmonic pattern and price is at 61.8% of weekly low to high movement. again note the divergence.
snapshot
Comment: expecting wave C of flat
snapshot
Comment: the (abc) corrective pattern in the chart is a kind of flat correction.
snapshot
Many thanks for sharing your idea as always. Cheers mate!
+1 Reply
farid_ardavani masagrooove
your welcome :)
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farid_ardavani masagrooove
*you're welcome
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