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zorrays

GBPNZD - SHORT - ASCENDING CHANNEL + H&S

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Libra Esterlina/Dólar Neo-Zelandês (OANDA:GBPNZD)  
zorrays  
OANDA:GBPNZD   Libra Esterlina/Dólar Neo-Zelandês
Parallel Channel Head and Shoulders Trend Lines Ascending Channel Forex Fibonacci Retracement impulsewave correction GBPNZD gbpnzdshort fx
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parallelchannel headandshoulders trendline ascendingchannel forex fibonacciretracement impulsewave correction gbpnzd gbpnzdshort fx
I see a short opportunity with GBPNZD as there is a pattern within a pattern.

As you can see the nature of the market is that it is currently on a downtrend and price is correcting.

Both channel and head and shoulder pattern have tendencies to break towards the downside which will help us determine the next impulse.
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