GBP/NZD has just approached a strong support area from which we can definitely expect the market to react from. If we will get a retracement to at least the 0.382 of the Fib taken on the impulse we can be monitoring this pair from a 4h perspective and wait for the market to shift back to a bearish market. If all our rules are then satisfied we will be taking a nice short position for the market to go and complete it's pattern and to create a new low. Always do risk management and never take trades without a proven profitable strategy. Always analyze the market before taking others advice! Please give the analysis a like and if you want to learn the strategies I use, send me a personal message on TradingView.
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Entry never provided. Will make the new analysis soon on how we can capitalize on the next move!
