GBPNZD BUY BIAS • Supply Zone (Red Box):
Price tapped into a clearly defined supply area around 2.27000–2.27474, indicating potential for bearish reversal.
• Rejection Candles:
Bearish rejection formed at the top of the zone with clear upper wicks, suggesting selling pressure.
• 200 EMA (Curved Line):
Price rallied into the supply from below the EMA, increasing the probability of a mean reversion move.
• Risk/Reward Box:
A short trade is shown with:
• Entry: Just under 2.27000
• Stop Loss: -2.27474
• Target: 2.22349, aligning with previous structure and EMA
