🔹 2H Chart Analysis by PULSETRADESFX
The recent structure break on GBP/NZD confirms bearish momentum, with price decisively rejecting the prior bullish channel (marked in yellow). After retesting the broken support zone (now acting as resistance), a clean supply zone formed around 2.25156 – 2.25677, where price has started to stall.
📌 Trade Setup:
Entry: 2.24902
SL: 2.25677 (Above supply)
TP: 2.24189 (Next demand zone)
This aligns with the overall trend shift as buyers failed to hold the previous structure. Expecting further downside toward the next demand zone unless bulls reclaim above 2.25677 with strong momentum.
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✅ Confluence Highlights:
Break and retest of bullish channel
Supply zone confirmation
Bearish engulfing structure at resistance
Favorable risk-to-reward setup
📅 July 11, 2025
📊 Executed on: TradingView | OANDA Feed
#GBPNZD #Forex #PriceAction #SupplyDemand #BearishSetup #TradingView
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.