GBPNZD made a breakout from the bullish pattern called Inverted Head and Shoulders pattern. The breakout got confirmed after the 'huge 'bullish 4H candle close above the neckline and above the previous high candle close on 17. January. You can wait for a small throwback to get a better price entry. The targets are those light-blue lines!
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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Currently, the price makes a throwback and if the 4H candle got a close above the 1.92000 then the retest may be successful. So, let's wait for a 4H candle close if it got a rejection then it would be a nice opportunity to enter the trade, but close below the round number and below the neckline will be bad signs!
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We got a 4H candle rejection - from the neckline and from the round number - confirmation and the trade is valid!