GBPNZD Pending Sell Order on Channel Break Out .50 Fib Retracement
GBPNZD Pending Order for Employment Change NZD
Looks like this pair is breaking lower, and is doing a repeat pattern of the leg higher. Disclaimer: This does not represent a trade signal or constitute any form of advice but rather is a view on how I see the markets. Please use your own discretion. I am not responsible for any gains or losses
GBPNZD PAY ATTENTION FALLOW MARKET MOVEMENTS
I will go short at the completation of the pattern
1) AB=CD pattern completion at 1.1960 (1st chance to short) 2) Possible BAT patttern at the same level -also a DT (2nd chance to short) 3) Break of 1st minor trend line (3rd chance to short) 4) Break and retest the mayor trend line - We are in an uptrend so maybe the pair to check the mayor trend line and continue upward Each trading setup has different rules...
Price @ 1.618 extension of first and second AB Up Swing Sell GBPNZD NOW Target .786 retracement level of the last up AB Swing!
.618 RETRACEMENT AFTER LAST AB SWING OF GBPNZD
Read text written in the chart.
Currently hitting a long holding 4 hour trend line.. As well as a valid Shark Pattern showed up about 3 hours ago... Looks like it's going to turn back down soon.