FX:GBPNZD   British Pound / New Zealand Dollar
1. Last week's price action cleared the weekly sell side.
2. After that a high probability order block was formed.
3. I am expecting a pullback with the market reacting in response to the H4 bullish order block.
4. Digging into lower timeframe price action, M15, we have Market structure shift and market reacted off the entry fair value gap.
5. I am looking forward for the market pulling back above to the 0.5 fib level M15 Buy side, which is premium.

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.