GBPNZD - Bearish Shark Completion
GBPNZD has completed a bearish shark this morning.
I missed the initial entry but I am now waiting patiently for the retest at around 2.0080.
Looking at NZDUSD, it has also completed a bullish shark, so a reversal upwards on NZDUSD might trigger a reversal downwards for GBPNZD.
Doing nothing till then, just waiting patiently for a potential entry.
For this pattern, stops has to go above XC 1.27.
Targets will be at CD 0.5 and 0.886.
I missed the initial entry but I am now waiting patiently for the retest at around 2.0080.
Looking at NZDUSD, it has also completed a bullish shark, so a reversal upwards on NZDUSD might trigger a reversal downwards for GBPNZD.
Doing nothing till then, just waiting patiently for a potential entry.
For this pattern, stops has to go above XC 1.27.
Targets will be at CD 0.5 and 0.886.
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