GBPNZD - Two Magnets, Two Clear Jobs

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GBPNZD is trading between two zones that keep acting like magnets:

On the upside, the red structure has been attracting price again and again. Every time price reaches that area, sellers show up. As long as that structure holds, that’s where I’ll be looking for shorts.📉

On the downside, the blue demand zone keeps pulling price back in. That’s where buyers previously stepped in with strength. As price approaches that zone, I’ll be looking for longs.📈

For now, we wait!⏱️

Which magnet do you think price hits next? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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