GBPNZD Looking for short term upside

Hi traders:

I am looking at GBPNZD for some potential short term upside.

We see price on the higher time frame had a strong move to the downside, getting close to the bottom of the channel strucutre.

Price did correctively move down in a fallen wedge structure, adding confluence to the short buy.

Last bit of price action had an Inverse Head and Shoulder pattern, then price broke out of this smaller correction.

Looking to target the recent tops, beginning of the wedge structure. Once price hits that area then I will reevaluate.

Thank you

Kommentera:

Higher Time Frame outlook and forecast

Kommentera:

Wait for this correction to break out.

Kommentera: