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thillygoosth
Apr 2, 2018 5:23 PM

GBP/NZD 

GBP/NZDOANDA

Description

This is the scenario I see playing out on GN as of right now. That would be a 7 swing, which the structure it is in looks like. I circled equal length of the first leg of this correction. GN can go on a downtrend, and I am expecting the sell, but until something changes I would be looking to take any setups that may arise. It doesn't have to go up and break the high or hit equal length, but you see my fork and fib extension zone which is kinda making it look like it may break the high again ultimately before the larger drop. So, if you see it make that pattern as I have marked up and get a buy flag you might want to take that trade.
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