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British Pound / New Zealand Dollar

GBPNZD 5-0 PATTERN IN THE CD LEG

By Trading1to100
Updated
NEARING COMPLETION PRICE TARGET FOR AB=CD= 17830(100%).
In extension then AB=CD 17765(127%)/AB=CD 17665(162%).

Note
AB=CD @17665 has been tagged.
Note
There is the potential for a test of the longterm trendline to be tested at 17560 this level is also the 618 level.
snapshot
Note
GBPNZD tested the trend line and also the 618 level 17560, Fridays low 17535.
Temporary range bound 17750-17500, break out above 17750 then higher prices, break below 17500 then 17300 quite probable.
Close below the red trend line then 17000 could be within reach.

snapshot
5-0 Pattern
Trading1to100

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