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GBPNZD - Short setup

165
A few reasons for a short bias:

- fresh supply zone test
- reversal candlesticks at supply zone
- Head and shoulders bearish pattern
- Fibonacci cluster zone

Additionally, XAUGBP is at a significant demand level and coming off a harmonic shark bulilsh pattern. If gold appreciates against the pound as expected, I expect a depreciation in the pound vs. NZD, which is still in an uptrend vs. gold, thus short pound long nzd is the bias.

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