GBPNZD Short Scenario

Analysis :

• Price inside descending channel,
  
• Price trying to break our resistance line,
  
• Cypher Harmonic pattern Confirmed.
  

Scenarios:

Sell :

• Wait For break bellow our support line,
  
• Wait for the price to bounce on our support line which become resistance,
  
• Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Inside bar etc,
  
• Initiate Sell order,
  
• Targets are TP1 to TP3,
  
• SL bellow the resistance Area .
  

/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

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