GBPNZDI will be looking for buys on GN this week.
Technical reasons:
Price has flipped the 4H bearish structure and created a strong impulsive move to the upside. Since then, momentum into the demand zone has been weak, which is exactly what I want to see in a healthy pullback. There’s also liquidity resting above 4H high, which makes a great first target for the next leg up.
This is a high-probability setup, as it aligns with trend continuation.
Also price made accumulation and the demand zone just aligns with 70% pullback.
Let’s see how the market plays out.
