GBPNZD Possible Long Opportunity

We had a strong rejection off the 61.8 on the daily. Price has been moving correctively for a while on daily creating a giant flag. We expect price to possibly move back to the top of this flag if it doesn't keep breaking down. If price breaks out of this flag, take it to the -61.8 fib extension long term for we expect GBP pairs to be bullish in 2020. Trade with care :)

Yorum:

Price broke down out of the flag