I see GBPNZD to have made the 5 wave elliott structure.
It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different).
I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend.
I would wait for consolidation just below/just ...
SHORT THIS TRADE AS THE BRIEF UPTREND has has been terminated by recent negative news for GBP. EXIT .74300
Thanks for all the kind messages :)
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