D-WK GBPNZD , consolidation is(about) over?

2019-11-28 09:08:48

This article is based on my personal trading strategy considering only D-WK time frame.
No fundamental , only demand and supply zone technical trading plan.

From Oct 2019 to Nov 2019, GBPNZD have been consolidated under the influence of old supply zone formed in Jun 2016 . It has been 2 months of consolidation without obvious clear direction major move.

However this week in D , some clues of the beginning of downtrend has revealed itself. There were several bearish rejection with a tendency to form LH , LL along the way. No price has break high above 2.33000.
We might see the upcoming downtrend of GBPNZD soon.

https://www.tradingview.com/x/VRzWZsRv/

https://www.tradingview.com/x/OQLyaCuG/