GBPNZD Possible Selloff Pending????

GBPNZD looks like it may be settingup a short opportunity. Channel is pretty clean given how volatile this pair can trade.

1) Bulls attempted failed breakout to the upside.
2) Triggered a sell off all the way down to channel support.
3) Price unable to secure support above channel heart--line.
4) Bears attempt to break through channel support. (False breakout)
5) Bulls again unable to sustain break above channel heart--line. Double top formed. Lower high = Bearish confirmation.
6) A move back down to re-test channel support?????

A selloff in this pair would be confirmation that selloff in EURNZD will follow.

GBP coiling up expect a breakout in the very near future.... ;)

GBP Equally weighted index.