GBP/NZD Trading Analysis (12/02/2025)

The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition. The entry point at the pullback B with the forming truncated C is forming.

Trade idea:

• Sell at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
• Stop loss at 2.2037 above the local maximum of the ascending structure.
• Price targets at 2.1920 and 2.1850.

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