GBPNZD downtrend wave possible.
We got the break of the 1.9790 zone, after a large fake out candle with a large wick took out stops. Currently we are retesting this zone. If the retest is successful, we will form a new lower high swing which will then confirm a new downtrend with a lower low. Targeting the two highlight areas to the downside.
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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.