GBPNZD - SELL IDEA
The GBPNZD chart suggests a potential short opportunity. The pair has completed a five-wave upward movement, and a correction is anticipated. The price may retrace to the Fibonacci levels indicated (1.0 and 1.618), with the targets being the completion of the corrective wave down.
Consider entering a short position as the price begins to retrace, with a stop-loss above the recent high. The targets could be aligned with the Fibonacci extensions as indicated on the chart.
Consider entering a short position as the price begins to retrace, with a stop-loss above the recent high. The targets could be aligned with the Fibonacci extensions as indicated on the chart.
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