GBPNZD - It looks like we are having a hard time to move up.
Down Waves are larger than Up-Waves. The Last up wave has an Abnormal Speed Index of 4.4 compared to the average which is 1.8 which looks like price is having a hard to move up. Therefore I am going short with stop -60 pip ad target at 110 pips RR:1.83
Trade closed: target reached
Target Reached 110 pips . Actual Move 180 pips
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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.