GBPNZD - Long Possibility (Elliott Wave)
Updated
Currency Pair: GBPNZD
Frequency: Daily
Predicted Direction: Long
Enter the Long Position after the corrective wave 3: Buy 1.789/95
Followed the Bullish consolidation from June Low (1.7397), the price may complete a new 5 wave pattern targeting to resistance zone (1.1816 - 1.90495)
Latest pullbacks found support on 38.2% Fib. Once the correction breaks further low to the supporting zone 1.76650 -1.77128 (23.6% Fib + Red Line) then we would question about this latest upside bias.
Long: 1.789/95
SL: 1.76650
Target 1: 1.86079
Target2: 1.9049
Frequency: Daily
Predicted Direction: Long
Enter the Long Position after the corrective wave 3: Buy 1.789/95
Followed the Bullish consolidation from June Low (1.7397), the price may complete a new 5 wave pattern targeting to resistance zone (1.1816 - 1.90495)
Latest pullbacks found support on 38.2% Fib. Once the correction breaks further low to the supporting zone 1.76650 -1.77128 (23.6% Fib + Red Line) then we would question about this latest upside bias.
Long: 1.789/95
SL: 1.76650
Target 1: 1.86079
Target2: 1.9049
Note
Elliot Wave count updated
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