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GBPNZD Head and Shoulders + Broken Neckline, RSI Divergence
British Pound / New Zealand Dollar
Short
GBPNZD Head and Shoulders + Broken Neckline, RSI Divergence
By AidanMDang
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May 3, 2019
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May 3, 2019
GBPNZD has formed a head and shoulders reversal pattern with a broken neckline to confirm the counter trend trade.
I expect the pair to continue down to at least the .382 retracement level, if not further to the .5 retracement level.
Divergence
Fibonacci
GBP
GBPNZD
Head and Shoulders
Technical Indicators
NZD
Relative Strength Index (RSI)
AidanMDang
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