GBPNZD Potential Bearish Reversal After Trendline Break

Market Structure: Price recently formed a lower high and broke below an ascending trendline, signaling potential bearish momentum.

Key Resistance Levels:

2.29400 – Major structure zone, likely to act as resistance.

2.32995 – Invalidation Level – if price breaks and holds above this level, the bearish bias is no longer valid.


Trade Idea:
Watching for a pullback toward 2.29400 followed by bearish confirmation to short the pair.
Targeting downside movement toward the 2.18000–2.16000 area.


Bias: Bearish
Confirmation Needed: Rejection at resistance and bearish candlestick pattern.


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Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before making any trading decisions.