GBPNZD: Trading Plan For Next Week

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Libra Esterlina/Dólar Neo-Zelandês (FX:GBPNZD)

FX:GBPNZD Libra Esterlina/Dólar Neo-Zelandês

Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis GBP NZD GBPNZD pound newzealanddollar short

trendanalysis chartpattern waveanalysis forex trading technicalanalysis gbp nzd gbpnzd pound newzealanddollar short

snapshot

GBPNZD has reached significant resistance level.
currently the price consolidates within a rising parallel channel called bear flag pattern.
your plan for next week is to wait and sell bearish breakout of a flag.

T1 - 1.8715
T2 - 1.8520

Stop above the highest point of the flag.
if the market goes above 1.9, setup will be invalid

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