GBP/NZD – Sell Now from Daily Trendline Rejection + 1H Supply Zo
GBP/NZD is a sell now as price reacts sharply to a confluence of technical resistance:
• Daily descending trendline rejection
• Clean touch of a key supply zone around 2.2520
• 1H shows signs of exhaustion and rejection with wicks and slowing momentum
• EMAs are flattening on lower timeframes, hinting at a potential shift
This setup offers high-probability short entries with clear structure to target.
🔻 Sell Now
🎯 TP1: 2.2410 (local support)
🎯 TP2: 2.2330 (liquidity zone)
🛑 SL: Above 2.2550 (trendline break invalidates)
Watch for 1H bearish continuation patterns. A clean daily close above 2.2550 invalidates this setup.
• Daily descending trendline rejection
• Clean touch of a key supply zone around 2.2520
• 1H shows signs of exhaustion and rejection with wicks and slowing momentum
• EMAs are flattening on lower timeframes, hinting at a potential shift
This setup offers high-probability short entries with clear structure to target.
🔻 Sell Now
🎯 TP1: 2.2410 (local support)
🎯 TP2: 2.2330 (liquidity zone)
🛑 SL: Above 2.2550 (trendline break invalidates)
Watch for 1H bearish continuation patterns. A clean daily close above 2.2550 invalidates this setup.
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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.