Wait for trend to be broke before committing to a sell.
Wait for break out. Zig zag may continue the trend or move into complex structure.
GBPUSD has created a descending triangle. Price may retest the trendline.
Looking for correlations between these major stocks and their effect on the UJ pair.
Conditions : Monthly indicators reveal oversaturation of sell orders as UJ approaches strong support zone. EMAs might test.
Daily indicators favor a continuation on downtrend towards the support zone.
As EURGBP continues to fall within the channel, we may see a rebound at the support level
Will NZD break the channel to create a selling opportunity?
Ascending triangle formation could lead to a bull break out which will result in Wave B (second shoulder of H+S formation) to occur.