FX:GBPNZD British Pound/New Zealand Dollar
Scenario 2 - The RED alphabets indicate that the 5th wave needs to be complete. Currently we could be in an ABC 4th wave correction suggesting lower first before higher to the monthly 50 ma @ 2.0750 would make this an ideal short opportunity. I think this is my preferred scenario of the two and I am therefore short. However confidence is low so keeping tight shorts.