FX:GBPNZD   British Pound / New Zealand Dollar
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GBPNZD is in formation of Bearish WW format and may goes to 5' at 2.15-2.16 before reversal to validate 1-4 line. AB=CD Pattern
Comment: After completion of AB=CD pattern, it has reversed. It may validate 1-4 line at point 6 but first hurdle is 1-3-5 line and than 2-4 line
Comment: I am already long from 2.153. NZDUSD has touched 0.685 and reversed from there where 200 DMA and decending trendline meets whereas GBPUSD has reversed from 1.469 from a rising trend line... which predict that GBPNZD will now rally...
Comment: GBPNZD has clear the 1-3-5 hurdle and is bullish

Comments

very cool! point 6 is the wolf wave target right?
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kmk.msp tntsunrise
yes.
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Rebound at the 61.8 retracement of the initial uptrend?
Cheers CB
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