Looking at GBP NZD, we can see it is an uptrend that has had a complete 5 wave cycle according to Elliot wave theory. After a swing, there is always retracement. The retracement was unsighted by the Eliot wave triangle pattern. since structure recently broke any retracement to an order block is a valid entry point. Targets the bullish orderblock on the 4 hr and 1 hr time frame.
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