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GBPNZD > Bearish Bat Pattern, Good for A Sell..

Short
FX:GBPNZD   Livre sterling / Dollar Néo-Zélandais
Analysis of #GBPNZD

Hi traders, today we will have a look at #GBPNZD


The GBPNZD has been moving sideways for a while now, and when the market moves like that, my favorite way of taking them is using harmonic patterns.

looking at my chart you can see I have a bearish harmonic bat pattern that might complete the D leg soon near key market level 1.9400, which I like to see.

Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade

I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!

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