GBPNZD Elliott Wave Analysis - Be Aware Of Reversal Down

in elliottwave •  3 years ago 

Looking at the daily GBPNZD chart, we can potentially see a nice bearish setup formation with leading diagonal from the highs followed by a complex W-X-Y corrective rally. With current break below channel support line, seems like bears are back in the game and we can easily expect a downtrend resumption, especially if breaks below 1.9175 region.

GBPNZD Daily Elliott Wave Analysis Chart

gbp.png

elliottwave gbpnzd forex
3 years ago by

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