GBPNZD top of structure, wait for bearish reversal
Updated
Hello everyone:
GBPNZD has made its move to the top of the higher time frame structure, and now there could be bearish reversal opportunities.
We can see after the initial bearish impulse phase from the higher time frame, price begin to develop into a larger channel like structure, with a few swing highs and lows.
The latest development shows us a potential double tops, and top of the higher time frame structure.
Its very possible to see price developing into a bearish reversal on the lower time frames, which can validate and confirm the higher time frame bias of the sell.
observe price to wait for bearish reversal price action, bearish impulse down, follow by continuation to confirm the reversal.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT financial advice, you should not trade and invest solely on this information.
Note
higher time frame: Note
Note
Price indeed is reversing downm look for more bearish continuation corrections. Note
Price broke the LTF swing lows, but look and wait for continuation correction to confirm downsideNote
Note
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