The video below is a capture from the London Live Session held on April 7th. Daud presented Elliott Wave count of GBPNZD ,explaining 2 pontential scenarios and trading strategy.
GBPNZD Trading strategy
As Daud mentioned in the video, we’re calling for further rally in the pair due to incomplete bullish sequences it’s having in 4 hour time frame. There’s possibility of either making double or flat irregular structure in wave (x) blue. Primary view suggested GBPNZD is doing double three in wave (x) blue pull back, looking for 1.7786-1.7754 ( potential buying zone). Because of bullish structure in higher degrees we advised our members to avoid selling and keep buying the dips in 3,7,11 swings against the 1.7640 pivot.
Shortly after, GBPNZD made proposed leg down and found buyers right at 1.7786-1.7754 as expected . As a result the pair has made nice rally of approximately 520 points.
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