GBPNZD MARKET STRUCTURE + ELLIOT WAVE SUGGESTING A SELL-OFF

2019년 12월 10일

The market structure of GBPNZD shows how the price breakout of major ascending trendline and support zone. Price is currently retesting the broken levels that lined up with a descending trendline. Price has the potential to decline from or near the current market price.



Elliot wave also shows a series of 1-2, (i)-(ii) sequence which could mean a rapid sell-off should be expected.
What's your thought on GBPNZD?

Best of luck on the chart!
Veejahbee.