Resumption of uptrend for GBPNZD - Part 3

The uptrend channel has been adjusted.. not so perfect but good enough to make some decent money. As mentioned in earlier post , the retracement has begun and a short there at 2.2500 will see a 500 pips profits at 2.2000. Below 2.200 a bottom will be formed before this fellow advance again. A more severe drop will see it reaching bottom of the channel, but it seems fibo 23.6% should be a strong enough defense.