GBPNZD has maintained a strong bullish structure since 2023, forming consistent higher highs and higher lows.
After each new high, we’ve seen 400–600 pip pullbacks before price continues bullish.
With a fresh high now in at 2.26481 and signs of exhaustion showing, I’m eyeing potential swing sell setups to target the previous intrahigh at 2.17900 (approx. 550 pips).
This is a high risk, high reward swing play and I’ll only enter after a clear momentum shift on the daily or 4H.
Bias flips back bullish if we break and hold above the high with momentum.
After each new high, we’ve seen 400–600 pip pullbacks before price continues bullish.
With a fresh high now in at 2.26481 and signs of exhaustion showing, I’m eyeing potential swing sell setups to target the previous intrahigh at 2.17900 (approx. 550 pips).
This is a high risk, high reward swing play and I’ll only enter after a clear momentum shift on the daily or 4H.
Bias flips back bullish if we break and hold above the high with momentum.
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.
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.