GBPNZD - Potential 200-400 pips move up
Price completed a broadening top and broke to the downside.
The bottom for this wave is likely in.
This pattern has a high bust rate (failure), meaning once price breaks back into the pattern, there is a high chance of it reaching the top again.
For now, target is just the mid-level of the pattern.
The bottom for this wave is likely in.
This pattern has a high bust rate (failure), meaning once price breaks back into the pattern, there is a high chance of it reaching the top again.
For now, target is just the mid-level of the pattern.
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