ABCD pattern on GBPNZD Short

British Pound/New Zealand DollarFXCM

Description

⋅ Oct 24, 2014 7:20 AM

I found this ABCD pattern on GBPNZD.

I see a descending channel on this pair, Are we going down?

A retest of the last high at 2.1 cannot be excluded.

Caution is Advised.