GBPNZD - Long Possibility (Elliott Wave)
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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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.
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.