GBPNZD: Bearish Continuation Setup in FocusI’m closely monitoring GBPNZD as price tests this current region. Here’s the plan:
The Setup
Price is hovering near a key area of interest around 2.15485–2.15781.
I’m observing how price reacts here to determine if bearish momentum will continue.
If sellers remain strong, I’m looking for a further push down toward the green level at 2.13336, which is my target zone.
The Plan
1️⃣ I’ll wait to see if price respects this resistance zone or shows rejection, confirming that sellers remain in control.
2️⃣ My stop loss will be placed strategically above the resistance zone to manage risk effectively.
3️⃣ The goal is to capitalize on a bearish continuation toward the green support line at 2.13336.
Why This Makes Sense
This area has previously acted as a significant turning point for price. If resistance holds, it sets up a clean move toward the next major support zone, offering a strong risk-to-reward opportunity.
Mindset Tip:
"It’s not about guessing the market’s next move—it’s about reacting to what it shows you. Stay patient, and let the levels do the talking."
