VasilyTrader

GBPNZD: Preparing For a Bearish Wave 🇬🇧🇳🇿

Short
OANDA:GBPNZD   Livre sterling / Dollar Néo-Zélandais

Have a look at that bearish imbalance that was formed on GBPNZD
on a daily time frame on Friday.

With one single bearish candle, the price violated a neckline of a
descending triangle formation and a key horizontal support.

The market is retesting the broken structures at the moment.
I believe that a fall will initiate soon.

Next support - 2.0372

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