GBPNZD Bearish Impulse Down, Watch for Continuations

2021年9月21日

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

2021年9月21日

注释

higher time frame:

2021年10月15日

注释

Watch for price to form further bearish continuation correction to add into more sell.

2021年10月22日

注释