🦀 & Momentum Break ✅

GBP/NZD - Potential Weekly Deep crab.

Price broke the monthly high but closed back below breaking the bullish momentum and potentially causing the LTF trends to reverse.

The monthly TF is still bearish so I'm trading away from the Monthly high looking for price to create a new channel with a monthly continuation in the direction of the Crab.

Let me know your thoughts!

** Disclaimer ***

These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.