GBPNZD CONTINUATION OR REVERSAL?

21 Eyl 2019

This will be 1 of 2 outcomes of where price can go next week. First one being price is showing us that this level of resistance may not hold its weight this time around with a weekly candle close above previous closes. If price retraces at the 38% level then price may vary continue higher or if price breaks above resistance wait for the pullback. If this is a reversal then i'd like to see a double top in the 1hr/4hr time frame or a huge loss of momentum in the daily time frame before entering short.