GBPNZD
The assumed correction is approaching the 50% Fibo level from the rising wave. A price pivot zone of 1.9634 is also there. If the level holds, a descending truncated pattern will continue to form. The bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
Trading recommendations:
Buy strictly when an ascending wave pattern is formed, where the wave (as) breaks through the inclined channel of the descending pattern.
Stop Loss under the local minimum.
Target levels: first take profit at 1k1, and then transfer to breakeven. The second goal is 2.0266.