In my analysis GBPNZD
is in a corective structure having already formed four of a five wave pattern. In its way to complete the fifth wave it will meet the D points of a gartley
and a AB=CD bullish
patterns. Actually the D point of the gartley
completes a liitle higher than what i have drawn in the chart. But i will go with ABCD for my entry which gives me a better risk/reward ratio.
Stoploss and profit target as shown in the chart.