British Pound / New Zealand Dollar
Short
Updated

GBPNZD SELLing scenario strong, 350+ PIPS TP CONFIRMED...

πŸ“‰ GBPNZD Price Forecast πŸ“‰

GBPNZD is currently in a selling zone, forming an Inverted Flag and Pole pattern, which is a bearish continuation signal. The pair is trading below the 200 EMA, reinforcing strong downside momentum.

The market is approaching a breakdown of the flag pattern, with a strong bearish candle nearly confirming the move. Based on the pole height projection (350 pips), this setup offers significant profit potential.

🎯 Technical Target Levels:
- 2.1600
- 2.1425


πŸ“Œ Key Highlights:
- Inverted Flag and Pole pattern indicates a continuation of the bearish trend.
- Trading below the 200 EMA, confirming selling pressure.
- Target range of 350 pips, offering an excellent opportunity for traders.
- Watch for a confirmed breakdown of the flag pattern to enter.
βœ… Don’t Miss Out!

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Market Insight:
GBPNZD has broken down the flag pattern with a strong bearish candle, signaling the start of a potential downtrend. Currently, the market is consolidating within the entry zone, forming a range. This consolidation indicates preparation for the next move, and the price is likely to fall further towards our target zone. πŸš€

Action Plan:
πŸ“Œ Monitor the range for a breakout to the downside.
πŸ“Œ If bearish momentum resumes, hold trades patiently towards the target levels.
πŸ“Œ Manage your risk and stay aligned with the plan.

The setup looks promisingβ€”let’s keep an eye on this move! 🎯πŸ”₯

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