very confusing patterns , never alike , even in many other pairs , for the last 2 months the GBP shows unusual strength against all positive or even negative news , which usually speeds up the waves and pair POC or MA ,, as usually I believe that TP levels are always moving based on the time and price , as per the accumulation or distribution activities.
for GBPNZD , I believe by heart that all what we see is just another wave , the decision makers have reasons to hold the strength of the pair (protecting the currency), as the severe collapse not least than 1000 points is coming , although the pair is in Weekly positive trend , but the Daily is definitely heading down.
I am not that much clever in Elliot waves , but based on my volume and ADX analysis , the up trend is maximum will hit 2.07xx which is a good place for bears , never think as bull before 1.94 , make sure you can manage 500+ points down from mentioned level , as the coming uptrend , has no mercy.
for GBPNZD , I believe by heart that all what we see is just another wave , the decision makers have reasons to hold the strength of the pair (protecting the currency), as the severe collapse not least than 1000 points is coming , although the pair is in Weekly positive trend , but the Daily is definitely heading down.
I am not that much clever in Elliot waves , but based on my volume and ADX analysis , the up trend is maximum will hit 2.07xx which is a good place for bears , never think as bull before 1.94 , make sure you can manage 500+ points down from mentioned level , as the coming uptrend , has no mercy.