GBPNZD Back to double tops, reversal price action

Hello traders:

Also seeing further strength from NZD pairs as most are show clean signs of reversal price action.

Here on GBPNZD, after price hits a previous swing highs as a potential double tops,
we see a "M" style pattern reversal as well as a rising wedge reversal structure.

All these are good indication of a bearish reversal in the making

Latest development had a clean bearish impulse phase pushing the price down on the lower time frame,
best to wait for another smaller consolidation that could be the confirmation to look for another sell entry down to the previous lows.

thank you

Yorum:

Yorum:

Wait for impulse down
follow by continuation
correction
before entry