GBPNZD: Overbought Market & Pullback ๐ฌ๐ง๐ณ๐ฟ
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.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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