As you can see I am patiently waiting for a breakout confirmation to the down side. refer back to July 19 2019 for a similar chart pattern.

wait for a breakout below the yellow support zone which will then become the new resistance zone for a short position.

Target is at the 261.80% fib level.

may take up 2-4 wk for everything to play out.

Good Luck.
FibonacciGBPNZDgbpnzdsellgbpnzdshortTechnical IndicatorssellsetupshortsetupTrend Analysis

Disclaimer