GBPNZD - DAILY - Bearish Bat with great confluence
Coming into completion at 1.787
Current reaction off AB=CD and looking for a continuation of price to complete pattern before looking for an entry on a lower time frame.
D completion is 50% retrace of July 2016 High
.236 retrace of pre-brexit high before the fall
Daily and 4HR RSI will be a good indicator of reversal once we enter the price zone.
Coming into completion at 1.787
Current reaction off AB=CD and looking for a continuation of price to complete pattern before looking for an entry on a lower time frame.
D completion is 50% retrace of July 2016 High
.236 retrace of pre-brexit high before the fall
Daily and 4HR RSI will be a good indicator of reversal once we enter the price zone.
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