📉 GBP/NZD - 1H Analysis & Prediction
🔹 Key Market Structure & Levels:
✅ Choch (Change of Character) & BOS (Break of Structure) confirm bearish sentiment.
✅ Fair Value Gap (FVG) in the supply zone indicates potential rejection.
✅ Demand Zones:
2.18352 - 2.18687 (Potential reaction area)
2.16800 - 2.17231 (Stronger demand zone)
📌 Scenarios to Watch:
1️⃣ Bearish Move Before Reversal:
Price might reject from the FVG zone and drop towards the 2.18352 - 2.18687 zone.
If it breaks below, expect further downside to 2.16800 - 2.17231 before a potential bullish move.
2️⃣ Bullish Move to 2.21504:
If price reacts from the demand zone, it may push towards 2.21504, a key liquidity target.
Watch for a bullish confirmation after tapping the demand zone.
💡 Trading Plan:
✅ Look for short entries around the FVG zone.
✅ Monitor bullish price action at 2.18352 - 2.18687 for potential long positions.
✅ If price sweeps 2.16800 - 2.17231, expect a strong reversal to the upside.
#FXFOREVER #GBPNZD #SmartMoney #LiquidityHunt #ForexTrading #PriceAction
🔹 Key Market Structure & Levels:
✅ Choch (Change of Character) & BOS (Break of Structure) confirm bearish sentiment.
✅ Fair Value Gap (FVG) in the supply zone indicates potential rejection.
✅ Demand Zones:
2.18352 - 2.18687 (Potential reaction area)
2.16800 - 2.17231 (Stronger demand zone)
📌 Scenarios to Watch:
1️⃣ Bearish Move Before Reversal:
Price might reject from the FVG zone and drop towards the 2.18352 - 2.18687 zone.
If it breaks below, expect further downside to 2.16800 - 2.17231 before a potential bullish move.
2️⃣ Bullish Move to 2.21504:
If price reacts from the demand zone, it may push towards 2.21504, a key liquidity target.
Watch for a bullish confirmation after tapping the demand zone.
💡 Trading Plan:
✅ Look for short entries around the FVG zone.
✅ Monitor bullish price action at 2.18352 - 2.18687 for potential long positions.
✅ If price sweeps 2.16800 - 2.17231, expect a strong reversal to the upside.
#FXFOREVER #GBPNZD #SmartMoney #LiquidityHunt #ForexTrading #PriceAction
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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.
fxforever
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.