Fxprotrader
Short

GBPNZD Uptrend Is About To End

FX:GBPNZD   British Pound/New Zealand Dollar
Looking in the hourly chart in GBPNZD             we may see that price is climbing and soon may reach the upper parallel of a median line . The MACD bearish divergence shows that this up move is losing momentum so most likely price will reverse from the upper parallel. We should wait for a breakout below the uptrend, wait for a correction and go short aiming the median line of the fork .

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Comment: Price looks like broke below the uptrend. Wait for a retracement ideally in a corrective mode and watch for a sell setup to complete at the restest of the upper parallel
Comment: As expected price after the breakout has pulled back to the upper parallel. We may watch for a sell setup at that level
Can you update this chart plz, thank you !!!
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