TradingView
cramirez_forex101
Nov 10, 2021 5:42 PM

GBPNZD UPDATE!! Short

British Pound/New Zealand DollarFXCM

Description

Hello traders:

Yesterday's price action was unclear, today, price on the four hourly has created a descending impulse channel to the downside after a false breakout to the upside.

Looking closer on the hourly, price action seems to be making a double top and Bearish Head & Shoulder. Price finished making a smaller impulsive move down, could we see a small corrective move up to touch the main trendline for a continuation to the downside?

Looking for price action to touch the gold zone for a better entry to the downside.

Comment

Comment

Price broke above descending channel on the hourly. Could we see price continue with the correction to the upside?
More