GBPNZD Analysis
A Very interesting pair with multiple possibilities all leading the same way and only one signifying a big change in overall trend.
Daily
Price @ Lower Trendline, Near Daily OB
Market conditions signifies consolidation/ranging (Loss in Momentum to the downside / building up momentum to the downside)
Lowest Low holding
4HR
Descending triangle broken @ top line
Failing to break the lowest low, however also creating higher highs
1HR
Bearish Flag Pattern (Towards daily Trendline)
Notes:
It looks like price will create lower lows towards the daily trendline/ob before attempting a Top channel break and retest.
Possibilities:
the top channel break and retest could fail under the currently marked lowest low and then attempt to break the daily ob in a further attempt to test the weekly trendline/ob before then pushing up.
It doesn't seem feasible that price will break the weekly trendline/ob, however its still a possibility and if so, price will then attempt a break of the monthly lowest low.
Daily
Price @ Lower Trendline, Near Daily OB
Market conditions signifies consolidation/ranging (Loss in Momentum to the downside / building up momentum to the downside)
Lowest Low holding
4HR
Descending triangle broken @ top line
Failing to break the lowest low, however also creating higher highs
1HR
Bearish Flag Pattern (Towards daily Trendline)
Notes:
It looks like price will create lower lows towards the daily trendline/ob before attempting a Top channel break and retest.
Possibilities:
the top channel break and retest could fail under the currently marked lowest low and then attempt to break the daily ob in a further attempt to test the weekly trendline/ob before then pushing up.
It doesn't seem feasible that price will break the weekly trendline/ob, however its still a possibility and if so, price will then attempt a break of the monthly lowest low.
Ghi chú
Top 1hr line should be adjusted
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.