Get started
zorrays

GBPNZD - SHORT - ASCENDING CHANNEL + H&S

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
zorrays  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Parallel Channel Head and Shoulders Trend Lines Ascending Channel Forex Fibonacci Retracement impulsewave correction GBPNZD gbpnzdshort fx
3
0
parallelchannel headandshoulders trendline ascendingchannel forex fibonacciretracement impulsewave correction gbpnzd gbpnzdshort fx
I see a short opportunity with GBPNZD as there is a pattern within a pattern.

As you can see the nature of the market is that it is currently on a downtrend and price is correcting.

Both channel and head and shoulder pattern have tendencies to break towards the downside which will help us determine the next impulse.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.