GBPNZD Short Setup is Here!

May 24, 2023

On GBPNZD, we have a bullish setup after this morning's interest rate hike announcement. The price has risen to the 2.0240 area where we have a supply zone. Here, it created a spike, confirming the previous zone. Therefore, I will now wait for the creation of a short setup with a break of the lows and subsequent price rebound in the supply zone before entering short with a target of 1.98.

Let me know what you think.

Happy trading to all.