Targets - h4 support and h4 ascending TL (in blue) and daily support (in green).
*GBPNZD-Looking to place a small buy on this pair if it touches the h4 ascending TL. Target- monthly resistance. If price breaks the ascending h4 TL (in blue) and show rejection on retest of broken TL, then i will look to short this pair. Target- Weekly support, (in red ) h4 support zone.
Reasons for trade, 1 Price rejected the weekly DT (in red). 2 Rejected daily and monthly resistance zones, several times (monthly in black) daily in green ) . Expecting price to break below the 4h ascending TL. (in blue). Target- Weekly support (in red) and daily support (green)