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GBPNZD – Corrective Structure After Bullish Impulsive Move, Potential Breakout Setup (4hour chart)
Price Action Context
Skyrocketing in early October about 1300+ pips, the GBPNZD forex pair has formed a corrective structure after the impulsive move, and done so near the top of the impulsive leg. This suggests bears are not taking over while the bulls are still maintaining control short term.
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