See my GBPNZD link below to follow this setup.
This pair has broken out of the Trendline and channel and now in a correction, retest at trendline and channel line.
Could it turn from here or breaks below into the channel and becomes venerable to lower prices
both are possible outcomes at this point and it could consolidate within 17441-17765 before breakout in either direction.
This pair has broken out of the Trendline and channel and now in a correction, retest at trendline and channel line.
Could it turn from here or breaks below into the channel and becomes venerable to lower prices
both are possible outcomes at this point and it could consolidate within 17441-17765 before breakout in either direction.
Comment:
Path of least resistance.
Comment:
there is 3 waves in this consolidation and it could be done, however there is the probability that 2 more wave can complete this consolidation. break above the green line and consolidation could extend or be complete.
