gbpnzd h8 short from heavy supply zone major reversal

🔸Hello traders, today let's review gbpnzd 8hour chart. currently
we are closing in on heavy supply zones overhead, this is 9850
and 2.0000. In fact we already triggered 9850 and so price is already
pulling back, however most likely price will do one final push to trigger
overhead supply at 2.0000.

🔸Risk/reward is shifting in bears favor as we are closing in on swing high
near 2.000, which is also heavy supply zone, so I'm expecting a heavy
reversal, once we trigger the fresh overhead supply zone.

🔸Recommended strategy bears: look to execute shorts
from overhead resistance close to fresh/heavy supply zone near 2.0000.
Bears will target at least 50% of the recent swing, so conservative TP bears
is 9400 and final TP bears is 9300. Keep in mind this is a swing trade setup.

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Commentaire:

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