After a massive sell off GBPNZD
has been in a corrective structure for a couple of weeks. Price now has reached a key resistance level
where we have indetified a bearish gartley
pattern with D point at the resistance level
. I believe that this harmonic
will end this corrective structure breaking a long term support level
Stoploss and profit targets as shown at the chart. I will trade this setup entering with two positions. If price reaches the first profit target i will move stoploss to breakeven to the second one.
Like and comment if you agree,