Huge inverse HS playing out. The last 3 months price has been pushing against the resistance. Break out is coming, SL triggers when price drops below the minimum of the current monthly candle and a daily candles closes at that level. Use limit orders to TP and take profits on the way up.
GBPNZD has previously bounced strongly from the Daily support zone of +1.9000
Hourly resistance from 1.9400 has proven strong as bears are beginning to show off their Lower Highs on the 1 Hour Timeframe.
Previous 1hr High was at 1.9244, This causing some solid consolidation moves into a range bound zone with price continuously being rejected at the 1.9200...