Beaten but still alive GBPNZD 4H Long idea

Based on the 4H chart and as shown on the chart, GBPNZD has lost some strength after slipping back into a deadfall creating this clear opportunity for a retracement to the north side inside this downtrend channel.

-> Our main confirmations are the rejection at the bottom of the trend line

-> The trend line itself

-> And the green 4H candle indicating a likely chance for bulls to take over the 4H chart.

Trade safe and protect your capital at all cost. GOOD LUCK!