GBPNZD Elliott Wave Analysis - Be Aware Of Reversal Down

in #elliottwave • 4 years ago

Looking at the daily GBPNZD chart, we can potentially see a nice bearish setup formation with leading diagonal from the highs followed by a complex W-X-Y corrective rally. With current break below channel support line, seems like bears are back in the game and we can easily expect a downtrend resumption, especially if breaks below 1.9175 region.

GBPNZD Daily Elliott Wave Analysis Chart

gbp.png

#gbpnzd #forex
4 years ago in #elliottwave by
$0.00
    2 votes
    Reply 0