GBPNZD ____ INCOMING BEARISH MOVE

Hello Traders,

I hope yesterday wasn't the worst day of this month... LOL.. I noticed so many people got caught. Anyways, we know that's how the game is.

Moving on, GBPNZD has more potential to rally but right now, we are experiencing a little bit of strength in NZD which is also good for GBPNZD to take a breath from all the massive bullish run it has done.

On my chart, you will see that we have both sell-side and buy-side liquidity for the price to hunt, and since I am expecting a little bearish move to play out, I speculate that the price will rally to hunt the buy-side liquidity which is also situated in a daily order block. After which, the price will go hunting the sell-side liquidity.

I will be waiting for a CHOCH on the 1-hour timeframe to take a short trade to that liquidity pool.

Follow for more updates.

Cheers,
Jabari