GPBNZD Weekly NEEDS TO PULL BACK SOON!!!GBPNZD
Has been bullish for 28 days without any type of healthy pullback, we know what happens next. there are multiple strong confluences around 2.14794 - 2.14936
Confluences
has moved 867 pips in 24 days has found resistance.
Has been bullish for 28 days is currently struggling to close above 2.1483.
There is a Trendline from march 2020 which it is currently reacting off.
It is reacting off a rejection point 2.14775
Rejecting off -0.27 Fibonacci target
GBPNZD Daily TF
2.12389 - 2.12118 is my area of interest where think GBPNZD will pull back to which works out
230/260 pips then we should see an reaction from that area
GPBNZD 4Hr TF
Reasons to turn bearish
Currently struggling to break 2.14831 and close above.
Triple tap.
Nice 4hr rejection candlestick.
Moved 800 pips which means there needs to be a pull back nothing keeps soaring without a pullback.
My area of interest is 2.12389 - 2.12118 is where I expect to see a pull back to and we should see an reaction.
GBPNZD 1Hr TF
Confluences
1hr candlestick rejection
Triple tap
rejecting off 0.786
Struggling to close above 2.14831
