Forex Trade Idea: GBPNZD - Bullish Corrective Structure, Potential Breakout Setup | Nov 19

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Chris Capre’s current live open price action & ichimoku trades: GBPUSD, SUI20, CORN, USDMXN, CHRW

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GBPNZD – Corrective Structure After Bullish Impulsive Move, Potential Breakout Setup (4hour chart)

Price Action Context

Skyrocketing in early October about 1300+ pips, the GBPNZD forex pair has formed a corrective structure after the impulsive move, and done so near the top of the impulsive leg. This suggests bears are not taking over while the bulls are still maintaining control short term.

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