GBPNZD: Overbought Market & Pullback 🇬🇧🇳🇿
https://www.tradingview.com/x/VKLRLg86/
I think that we may see a pullback on GBPNZD.
The price reached a key daily structure resistance
and looks quite overbought on an hourly time frame.
As a confirmation, I see 2 bearish breakouts on an hourly time frame.
A violation of a support line of a rising parallel channel and a violation
of a neckline of a double top pattern.
The price may retrace to 2.133 level.
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I think that we may see a pullback on GBPNZD.
The price reached a key daily structure resistance
and looks quite overbought on an hourly time frame.
As a confirmation, I see 2 bearish breakouts on an hourly time frame.
A violation of a support line of a rising parallel channel and a violation
of a neckline of a double top pattern.
The price may retrace to 2.133 level.
❤️Please, support my work with like, thank you!❤️
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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.