GBPNZD - Potential Bearish Reversal!

4 thg 1, 2022

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GBPNZD is sitting around strong resistance so we will be looking for sell setups.

on H4: GBPNZD is forming a trendline in red, so we are waiting for a new swing low to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)

Meanwhile, until the sell is activated, GBPNZD would be overall bullish can still trade higher till the resistance before going down.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich