GBPNZD-break and close below 2.3000

Hello, it seems price is forming a potential ABC pattern so we could expect more downside movement.
Right now price broke the strong level 2.300 and is bouncing from it. We could expect a further decline at least to test last lows.

SL: some pips above 2.300
target 1: last lows
target 2: 2.200 level
target 3: 2.1500 level

Best regards.

Komentar:

First target hit. SL was clearly above the highs. I will not waste my time answering disrespectful comments.