CobraVanguard

GBP/NZD will it be bullish or bearish?

FX:GBPNZD   Libra Esterlina/Dólar Neo-Zelandês
Hi every one
BRITISH POUND / NEW ZEALAND DOLLAR

GBP/NZD has formed a bearish pattern which is a head and shoulder pattern! this pattern will make the price bearish even more! after the breaking of the neckline the price is expected to decrease as much as the measured price movement ( the gap between the head's top and the neckline) and also there are hidden bullish divergences on Both MACD and RSI which will deny this pattern right?our opinion won't change! if the price breaks the neckline the price shall decrease as we explained and reach the support levels shown in the picture but if the price can't break the neckline, the price would do a bullish movement! what do you think? will the movement be bearish or bullish?

Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck

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