Looking at GBP NZD, we can see it is an uptrend that has had a complete 5 wave cycle according to Elliot wave theory. After a swing, there is always retracement. The retracement was unsighted by the Eliot wave triangle pattern. since structure recently broke any retracement to an order block is a valid entry point. Targets the bullish orderblock on the 4 hr and 1 hr time frame.
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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.