The video below is a short capture from NY Live Analysis session held on 05/16 by EWF Senior Analyst Daud Bhatti.
Daud was presenting Elliott Wave count of $GBPNZD, forecasting the rally from precisely determined technical area: 2.11462-2.0965. Back then, $GBPNZD was showing incomplete swings sequences calling for at least another leg up toward equal legs-1.236 fib extension @ 2.1799-2.2033 , area where we expected sellers to appear, as Daud explained.
Now, after a few weeks, we can see the price turned higher from mentioned area, reached target zone, found sellers there and made nice reaction lower as forecasted.
Find the new charts of $GBPNZD in the membership area of EWF.
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