GBPNZD Price Trap

20 Eki 2020

GBPNZD

I am looking for price action to break the structure level that is directly above. Once price action closes above this level, I would like to see a retest of this level to continue the buy up. In order for me to take a sell, I would need price action to break and close below the current trend line. Once I get a confirmed break and close below the trend line, I will be looking for price action to continue down in order for me to get in for a sale.

21 Eki 2020

Not

Thus far, we have rejection of the top level of structure. However, PA has failed to hold and trade above the structure level.