GBPNZD is showing a Change of Character (ChoCh) on the Daily, signaling a potential shift in market structure. This is further reinforced by a double top confirmation on the 4-hour timeframe, indicating strong resistance and potential exhaustion of buyers. With price rejecting key levels and bearish momentum building, this setup presents a high-probability sell opportunity, especially if we see a strong bearish break and retest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.