GBPNZD Bearish Butterfly Harmonic Detected
On the GBPNZD daily chart, I've detected an almost-perfect bearish butterfly harmonic pattern. With the current momentum, price could move up to the sell limit before turning around. The impulsive move last 2 days has been enormous (~400 pips) and is due for a correction. Price could simply return to its median around 1.93000 level and TP 1 and 2 are plausible.
***NOTE: Sell limit should be at 1.96476, not 1.96993. My bad.
SL should be above the upper resistance level
***NOTE: Sell limit should be at 1.96476, not 1.96993. My bad.
SL should be above the upper resistance level