GBPNZD , ALL Ways leads to 1.94xx
very confusing patterns , never alike , even in many other pairs , for the last 2 months the GBP shows unusual strength against all positive or even negative news , which usually speeds up the waves and pair POC or MA ,, as usually I believe that TP levels are always moving based on the time and price , as per the accumulation or distribution activities.
for GBPNZD , I believe by heart that all what we see is just another wave , the decision makers have reasons to hold the strength of the pair (protecting the currency), as the severe collapse not least than 1000 points is coming , although the pair is in Weekly positive trend , but the Daily is definitely heading down.
I am not that much clever in Elliot waves , but based on my volume and ADX analysis , the up trend is maximum will hit 2.07xx which is a good place for bears , never think as bull before 1.94 , make sure you can manage 500+ points down from mentioned level , as the coming uptrend , has no mercy.
for GBPNZD , I believe by heart that all what we see is just another wave , the decision makers have reasons to hold the strength of the pair (protecting the currency), as the severe collapse not least than 1000 points is coming , although the pair is in Weekly positive trend , but the Daily is definitely heading down.
I am not that much clever in Elliot waves , but based on my volume and ADX analysis , the up trend is maximum will hit 2.07xx which is a good place for bears , never think as bull before 1.94 , make sure you can manage 500+ points down from mentioned level , as the coming uptrend , has no mercy.
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.