GBPNZD: Potential 400-Pip Bearish Reversal Setup
GBPNZD is showing signs of a potential bearish reversal, with a possible move of 300-400 pips. While the bulls remain in control for now, a strong bearish engulfing candle has formed on higher timeframes, such as the 8H and 10H charts. This indicates the possibility of price reversing and re-entering the previous trading range. If confirmed, this setup could present a 400-pip sell opportunity.
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