GBPNZD
Eventual Major Bat pattern with point B forged between the 38.2% and the 50% retracement, then rejected at Daily Resistance D1 @2.33879 with a new higher high / higher close and tested trend line acting as support @2.2824.
Some period of indecision, awaiting possible breakout up or down... breaking daily resistance D1 can project a C point to major Bat @ 2.4545, breaking weekly and daily support W1 and D1 it can sink at monthly support MN1 @ 2.12747 to fill point C for possible Cypher between 127% and 141% extension forgin one eventual buy option.
Bullish BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
Bearish CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Safe trades;
