GBPNZD Daily Analisis / Bearish View / by ThinkingAntsOk
Use this as a guide to develop your personal view.
Main items we can see on the daily chart:
a)The price is inside an ascending channel as the primary structure.
b)We can see an important Support / Resistance zone in which the price is currently.
c)On the Support / Resistance Zone, we can see a Flag Pattern that was formed after a bearish movement.
d)Flag Patterns are continuation Structures.
e)If the Structure is broken below the yellow trendlines with clear close candlesticks, we expect a move towards the lower trendline of the ascending channel
f)Remember: This is an Analysis, not a setup, use it to confirm your view over your strategy
Main items we can see on the daily chart:
a)The price is inside an ascending channel as the primary structure.
b)We can see an important Support / Resistance zone in which the price is currently.
c)On the Support / Resistance Zone, we can see a Flag Pattern that was formed after a bearish movement.
d)Flag Patterns are continuation Structures.
e)If the Structure is broken below the yellow trendlines with clear close candlesticks, we expect a move towards the lower trendline of the ascending channel
f)Remember: This is an Analysis, not a setup, use it to confirm your view over your strategy