The slope of this median line set is working extremely well, with price finding more than once resistance at the sliding parallel above the median line. We previously saw another rejection at the level, a sign that resistance is still present. Keep an eye for a sell setup completion before shorting GBPNZD
GBPNZD sell intraday double waves around 1.9320 – 1.9400 zone. I expect the pair to continue its down move just waiting for best risk:reward ratio that we can get here. There is a very big chance the H4 chart to create hidden bearish divergence will will be an extra confirmation for this setup. Conservative entry will be with the break of the intraday bullish...
Very short term long on this pair, I m not expecting much but to at least 2.3975. usually Stop loss should be at little below X for these patterns but for this one i will be placing stoploss near D. If i see that price reverses then i m gonna close it.