The GBPNZD is somewhat comparable to the GBPAUD. It is corrective on a higher time frame and in this case I am also looking for a last leg lower. Since I see this bearish move as a correction I also like a corrective wave pattern. 7 is and extension of 3 which is corrective. I'm currently short on this pair for that new low.
However once the bearish move is over I expect an impulse higher, that's the trade you don't want to miss.
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.