GBPNZD: Structure Based Trading Plan

16 Nis 2020

Morning guys!

GBPNZD is approaching a key structure resistance level on 4H and daily.
2.097 - 2.104 is our potential reversal zone.

to catch a pullback from this level, pay attention to a rising parallel channel on 1H!
bearish breakout of that (1H candle close below) will be a perfect trigger to short the pair.

target levels:
2.080
2.065

stop above higher high of the channel!

good luck!