GBPNZD Bear Flag Pattern
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GBPNZD is moving into a rising channel better seen at a higher timeframe. I has bounced from its upper parallel moved down sharply and it's now consolidating. We should watch for a breakout below the consolidation and sell GBPNZD aiming the lower trendline of the channel.
Rising channel
P.S: Take a minute and read my post of "1001 pips project". You may find the link below..
Rising channel
P.S: Take a minute and read my post of "1001 pips project". You may find the link below..
Note
Price broke below the corrective structure...Note
Simple, clean patterns work wonders, just like this one..Note
Price has broken belowe the channel.. For those who are still in this trade, we should wait for a pullback probably to the lower bond of the broken channel and then price could drop once more.. Manage this trade wisely to make this setup a big one..!Note
No fancy setups needed in order to be profitable in the markets.. This simple channel has given as profits to recover from 15 losing trades..!
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