Analysis of #GBPNZD
Hi traders, today we will have a look at #GBPNZD
The GBPNZD has been moving sideways for a while now, and when the market moves like that, my favorite way of taking them is using harmonic patterns.
looking at my chart you can see I have a bearish harmonic bat pattern that might complete the D leg soon near key market level 1.9400, which I like to see.
Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPNZD
The GBPNZD has been moving sideways for a while now, and when the market moves like that, my favorite way of taking them is using harmonic patterns.
looking at my chart you can see I have a bearish harmonic bat pattern that might complete the D leg soon near key market level 1.9400, which I like to see.
Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
