GBPNZD Possible Further Drop, Wait for bearish price action

Short

Britisches Pfund / Neuseeländischer Dollar (OANDA:GBPNZD)

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OANDA:GBPNZD Britisches Pfund / Neuseeländischer Dollar

chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction

Also dropping is GBPNZD as we can see from the top of the structure, double top, reversal price action and indeed the bearish impulse move down.

GBPNZD top of structure, wait for bearish reversal

Price is now at the bottom of the higher time frame structure, and is possible to continue downside, if a continuation correction can be formed.

Similar across, wait for a bigger correction to form by moving up on the lower time frames to form a bigger correction before another move down to previous lows.

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GBPNZD Possible Further Drop, Wait for bearish price action

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