GBPNZD Elliot Waves update
Price made a zigzag for wave 2 and find resistance just below the terminal point of wave 1. Currently price have finished the first motive waves down signifying resume of bearish momentum. If this count is correct we should expect price to pullback and find resistance around the golden zone (fib retracement 50%-61.8%) then continuation to the downside will be expected around this area.
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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.