Trading1to100

GBPNZD 5-0 PATTERN IN THE CD LEG

FX:GBPNZD   British Pound / New Zealand Dollar
97 views
6
NEARING COMPLETION PRICE TARGET FOR AB=CD= 17830(100%).
In extension then AB=CD 17765(127%)/ AB=CD 17665(162%).

Comment: AB=CD @17665 has been tagged.
Comment: There is the potential for a test of the longterm trendline to be tested at 17560 this level is also the 618 level.
Comment: GBPNZD tested the trend line and also the 618 level 17560, Fridays low 17535.
Temporary range bound 17750-17500, break out above 17750 then higher prices, break below 17500 then 17300 quite probable.
Close below the red trend line then 17000 could be within reach.