The forecast for the wave 3 top was correct, and it seems that wave 4 has ended.
It technically can't dip any lower, unless it's a terminal pattern.
This would imply that we might see a rally in GBPNZD , and in GBPUSD , naturally.
Just as extra information, we can also perform an analysis of individual currency indexes, constructed using all major currencies vs one instrument. I've done this in the past and it yields very good results when paired with the time at mode methodology.
Look for longs in the Pound crosses, I know I will.
Time at Mode FX
Credit where credit is due.
The relative strength ideas, I had been tinkering with, to filter which FX pairs to trade.
I like this paired with Van Tharp's market types and Tim West's rgmov, and time at mode.
It's the best way to trade for me.