Gbp/nzd is most probably on the 5th wave down. it can go up some more but i have put an invalidation line. The retracement to 61.8% is done on the 4th wave and that has brought the market down. presumably waver 1 minor is over and wave ii is in progress. best option is wait for an impulse and sell in my opinion.
i don't trade this pair as it is very volatile and also high spreads.![](https://resources.faireconomy.media/images/emojis/64/1f631.png?v=15.1)
The pink line on the first chart is the invalidation as it will cross wave 1.
here are some charts
i don't trade this pair as it is very volatile and also high spreads.
![](https://resources.faireconomy.media/images/emojis/64/1f631.png?v=15.1)
The pink line on the first chart is the invalidation as it will cross wave 1.
here are some charts
STING