GBPNZD SHORT SETUP H1

On this, we have a bearish setup that overnight created a zone of interest for a short trade within a supply area around 1.9960. The objective is to wait for a bounce in that highlighted yellow zone and then enter a short trade with a target of 1.98. Pay close attention, as after days of congestion, the market seems to be showing some momentum.

Let me know what you think.

Happy trading to everyone.
Chart PatternsdollarForexforex48Fundamental AnalysisGBPpriceactionshortsignalstradeTrend Analysis

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