Get started
The3MBlueprint

GBPNZD 4H Short based on Head and Shoulders & Flipzone

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
The3MBlueprint  
FX:GBPNZD   British Pound / New Zealand Dollar
Fibonacci Chart Patterns Head and Shoulders
3
2
fibonacci chartpattern headandshoulders
snapshot

The neck line has been broken and has begun it's descent.

However there is the potential for a pullback to occur to the 1.967/1.957 area based on Fib levels 50.0 and 61.8.

There is a forecast negative report on GBP growth this week which can contribute toward the continued downward movement.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.