Looking in the hourly chart in GBPNZD we may see that price is climbing and soon may reach the upper parallel of a median line. The MACD bearish divergence shows that this up move is losing momentum so most likely price will reverse from the upper parallel. We should wait for a breakout below the uptrend, wait for a correction and go short aiming the median line of the fork.
Like and follow for being notified for any updates!
Like and follow for being notified for any updates!
ความคิดเห็น:
Price looks like broke below the uptrend. Wait for a retracement ideally in a corrective mode and watch for a sell setup to complete at the restest of the upper parallel
ความคิดเห็น:
As expected price after the breakout has pulled back to the upper parallel. We may watch for a sell setup at that level