GBPNZD SHORT TRADE
GBPNZD broke uptrendline
bearish wave (A) ended at level 2.0491 after breaking key level at 2.0733
then corrective bullish wave (B) rejected from SMA 100 and 50% Fibonacci of preceding bearish wave at level 2.0753
Price now is based below HVN at level 2.0583
MACD shows start of bearish momentum
It's expected for coming bearish wave (C) to target the demand zone at level 1.9947
bearish wave (A) ended at level 2.0491 after breaking key level at 2.0733
then corrective bullish wave (B) rejected from SMA 100 and 50% Fibonacci of preceding bearish wave at level 2.0753
Price now is based below HVN at level 2.0583
MACD shows start of bearish momentum
It's expected for coming bearish wave (C) to target the demand zone at level 1.9947
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.