GBPNZD D1 - Bearish Harami
Trade #2 of Q2
Price has been trending up for 3 months. We won't know if this is the end, but several indicators line up.
A break of the Bearish Harami candlestick, with a close below resistance. Successful Harami signals the end of trend.
Price is currently at 70.5% retracement of the previous impulse move down. A probable completion of ABC.
Deviation is confirmed if price enters the range of 2.0947.
Target at 2.0681, with potential to support at bottom of range.
Price has been trending up for 3 months. We won't know if this is the end, but several indicators line up.
A break of the Bearish Harami candlestick, with a close below resistance. Successful Harami signals the end of trend.
Price is currently at 70.5% retracement of the previous impulse move down. A probable completion of ABC.
Deviation is confirmed if price enters the range of 2.0947.
Target at 2.0681, with potential to support at bottom of range.