GBPZND Bearish Gartley To End a Corrective Structure

After a massive sell off GBPNZD has been in a corrective structure for a couple of weeks. Price now has reached a key resistance level where we have indetified a bearish gartley pattern with D point at the resistance level. I believe that this harmonic will end this corrective structure breaking a long term support level.

Stoploss and profit targets as shown at the chart. I will trade this setup entering with two positions. If price reaches the first profit target i will move stoploss to breakeven to the second one.

Like and comment if you agree,
John

Trade geschlossen: Stop wurde erreicht