GBPNZD shorting opportunity

15 thg 2, 2017

Price has failed to break 1.74800 for wave 3, 5, and B. Heavy consolidation during Wave 5 which was the last chance for buyers to reach higher highs, however price halted and broke the bullish Trend-Line. For B we had confluence with a retest of the broken trend-line and a retest of the supply zone. Looking to see how price reacts to the lower zone, if we get a break of the lowest Trend-line that would validate the bearish move a bit more. Ideal time to sell would be a break of the lower zone.