The market structure of GBPNZD shows how the price breakout of major ascending trendline and support zone. Price is currently retesting the broken levels that lined up with a descending trendline. Price has the potential to decline from or near the current market price.
Elliot wave also shows a series of 1-2, (i)-(ii) sequence which could mean a rapid sell-off should be expected.
What's your thought on GBPNZD?
Best of luck on the chart!
Veejahbee.
Elliot wave also shows a series of 1-2, (i)-(ii) sequence which could mean a rapid sell-off should be expected.
What's your thought on GBPNZD?
Best of luck on the chart!
Veejahbee.