Fxprotrader

GBPNZD Sell Opportunity at Key Resistance Level

Short
OANDA:GBPNZD   Livre sterling / Dollar Néo-Zélandais
Price has breached below the slide parallel of a downsloping median line which acted as support several times. Moving into a corrective structure, it pulled back and tested the parallel which now acting as resistance rejected price. Overall we have a flag pattern, and what we should watch for is a breakout below the flag and be in a trade trying to catch the next impulse.
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