FX:GBPNZD   British Pound/New Zealand Dollar
186 3 5
The Pound is under serious pressure but I think that once that is over the GBPNZD             will present plenty of opportunity for a buy.

For my previous post and context see below:

GBPNZD ending a major correction


For now I expect more bearish price action, but the 1 hr             time frame will be the time frame I will be watching for a possible reversal trade or trend continuation trade. While I was preparing this post we saw the move lower after the UK inflation data.

Updates will follow but this pair is certainly on my watchlist.

http://www.timstuyts.com

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For bigger picture
snapshot


1 hr time frame
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it seems that it is no longer an impulse because there is a shared price area between wave 4 and wave 1 . Am I right ?
snapshot
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TimStuyts SamehAnwerMohammed
No wouldn't count it like this, I'll update this pair tomorrow.
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