GBPNZD - WAIT FOR IT
WAIT FOR THE BUY WHICH WILL TAKE PLACE IN THE PURPLE BOX. IF THIS PAIR MAKES A STRONG PUSH UP THEN IT WILL PASS THE MOST RECENT HIGHS, AT THAT POINT WE CAN EXPECT PRICE TO MAKE IT PAST THE $2 MARK.
ON THE OTHER HAND, IF THE PRICE IS CHOPPY ON THE WAY UP WE CAN CONSIDER IT A RETRACEMENT AND CAN EXPECT PRICE MAKE LOWER LOWS ONCE PRICE IS DONE RETRACING.
OVERALL MY BIAS IS TO THE UPSIDE AND I AM AIMING FOR 2.04 PRICE AREA
ON THE OTHER HAND, IF THE PRICE IS CHOPPY ON THE WAY UP WE CAN CONSIDER IT A RETRACEMENT AND CAN EXPECT PRICE MAKE LOWER LOWS ONCE PRICE IS DONE RETRACING.
OVERALL MY BIAS IS TO THE UPSIDE AND I AM AIMING FOR 2.04 PRICE AREA
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