GBPNZD - Short setup
A few reasons for a short bias:
- fresh supply zone test
- reversal candlesticks at supply zone
- Head and shoulders bearish pattern
- Fibonacci cluster zone
Additionally, XAUGBP is at a significant demand level and coming off a harmonic shark bulilsh pattern. If gold appreciates against the pound as expected, I expect a depreciation in the pound vs. NZD, which is still in an uptrend vs. gold, thus short pound long nzd is the bias.
- fresh supply zone test
- reversal candlesticks at supply zone
- Head and shoulders bearish pattern
- Fibonacci cluster zone
Additionally, XAUGBP is at a significant demand level and coming off a harmonic shark bulilsh pattern. If gold appreciates against the pound as expected, I expect a depreciation in the pound vs. NZD, which is still in an uptrend vs. gold, thus short pound long nzd is the bias.
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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.
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.