GBPNZD is oversold

My elliot wave and price action analysis shows that the price of gbpnzd will make correction before continue going down.this is becaus of the price shows the oversold condition and there are divergence on the rsi.

the other reason, the candlestick shows that there are some rejection from the buyer.if the the price break the trendline,
wait for it to retest, then can find the opportunity to will be 2.3750 area.

good luck!!


A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.

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