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jojofang0901

GBPNZD Ready for the next impulse down

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Brittiska pund/Nyzeeländska dollar (OANDA:GBPNZD)  
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OANDA:GBPNZD   Brittiska pund/Nyzeeländska dollar
Chart Patterns Parallel Channel Wedge priceaction structure pattern impulse correction
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chartpattern parallelchannel wedgepattern priceaction structure pattern impulse correction

Hello traders:

Looking at GBPNZD for bearish continuation opportunities.

We see price made a bearish impulse down from the previous corrective structure.

After an impulse, naturally price begin its corrective phrase, which is what we see now as a wedge/channel.

Latest price on the LTF formed an ascending channel move up to top of the wedge structure.

Look for bearish breakout confirmation, follow by LTF continuation correction to go.

Thank you
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