jojofang0901

GBPNZD looks for bearish reversal price action

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OANDA:GBPNZD   Brittiska pund/Nyzeeländska dollar

Hi everyone:

Looking at GBPNZD for some sell opportunities.

Very similar like EURNZD, we see price is in this overall structure after the HTF bearish impulse.

What I like about the latest price action is we have a potential double tops on the intraday,
and price is forming this larger expanding structure, and looks like a reversal can happen from the top.

We then see price has a LTF bearish impulse down, so I would wait for some correctional structure to develop here and look for the next sell down to the lows.

Thank you

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