GBP/NZD (1-Hour) - Trade Analysis & Signals

Current Market Condition:

• The pair is in a downtrend, with lower highs and lower lows forming.
  
• Price is testing a strong support zone around 2.25180, previously respected as a demand area.
  
• A potential reversal or continuation breakdown is likely.
  

📌 Trade Signals
🔹 BUY (Long) Setup
📍 Entry: 2.25180 - 2.25380 (Near Support Zone)
🎯 Targets:

TP1: 2.25680
TP2: 2.26180
TP3: 2.27000 (Major Resistance)
🛑 Stop-Loss: Below 2.24650
📌 Confirmation for Long:
✔️ Bullish candle rejection from support
✔️ Increased buying pressure (long wicks, bullish engulfing pattern)
✔️ RSI oversold or bullish divergence

🔻 SELL (Short) Setup
📍 Entry: 2.25680 - 2.26180 (If Price Retraces)
🎯 Targets:

TP1: 2.25380
TP2: 2.25180
TP3: 2.24650 (Breakdown Level)
🛑 Stop-Loss: Above 2.26500
📌 Confirmation for Short:
✔️ Bearish rejection from resistance
✔️ Lower high formation
✔️ Increased selling volume

📌 Breakout Scenario:
If 2.24650 breaks with strong bearish momentum, expect further downside to 2.24000.
If 2.26180 breaks, price may push higher towards 2.27000+.
📉 Bias:

Short-term bullish if price holds 2.25180.
Bearish breakdown expected if 2.24650 is breached.