JasonKennedy

Second Bearish Rectangle Break on POUND KIWI!

Short
FX:GBPNZD   British Pound / New Zealand Dollar
We are possibly seeing a reversal in trend after a break of a second rectangle pattern to the downside. We saw the break out of the 1st bigger rectangle back on 20th Sep and price has been making lower lows and lower highs since then. I'll be looking for a valid entry signal if a retest of the bottom horizontal boundary holds. Initial target @ 1.9572.
Comment: Possible Bearish Flag also forming on the 60 minute chart.

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