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jojofang0901

GBPNZD Bearish Impulse Down, Watch for Continuations

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Paun British / Dolar New Zealand (OANDA:GBPNZD)  
jojofang0901 Telah dikemas kini   
OANDA:GBPNZD   Paun British / Dolar New Zealand
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi everyone:

GBPNZD is also on my watchlist for potential bearish continuation opportunities.

We can see that the higher time frame has formed into a larger parallel channel structure after the strong impulse phase.

Naturally price will correcting within, and good to be patient here to wait for bearish confirmation.

Latest development shows a lower time frame double tops,
price then impulse out of the HTF channel structure, very good sign for further bearish continuation.

Now that price has formed a LTF bearish flag, good indication of continuation price action,
wait for the correction to complete, and watch for sell down to previous lows.

Thank you
Komen:
higher time frame:
snapshot
Komen:
Watch for price to form further bearish continuation correction to add into more sell.
snapshot
Komen:
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