Possible short opportunity on GBPNZD.
We have seen rejection at resistance for the 4th time and so we can expect some bearish momentum.
A break of the 200 day EMA and the trend line at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level.
Confirmation of breakout:
- Closed bearish 4Hcandles