GBPNZD is making a correction after daily down impulse and my expectation is the wave C for the completion of a regular flat. That's why I'm looking for the long trade setups. I was looking at the last up wave as a reversal impulse, but as you can see it broke the previous bottom. Now, I'm waiting for the breaking of the yellow and then I will wait for a flag to place an entry order above that impulse with a stop-loss is below the last bottom, and the target is 0.272 extension of the wave A.
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