GBP/NZD is consolidating since some days within an ascending triangle.
Normally this pattern should be bullish, but I see also a high chance for another bearish swing before attempting a bullish break out of the bigger bullish wedge.
Important: :-)
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
Normally this pattern should be bullish, but I see also a high chance for another bearish swing before attempting a bullish break out of the bigger bullish wedge.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
