The GBP/NZD has completed an ABCD pattern
on the back of 50-61.8% support. The D point is a possible reversal area, and indeed, both stochastic
are conveying to us that the market may be overextended and may soon shift as evidenced by their divergence from price action
. Therefore, we're happy to short this market with a stop just above the D point, and an initial target back at the 50-618% area.