GBPNZD SHORT BIAS PRICE ACTION FORECAST

The pair has broken the ascending trendline, although failing to form a new HH price is down-trending after getting rejected from the predominant descending trendline together with the supply zone.

The market remains in consolidation in price compression hovering a demand zone draw in H1.

Waiting for bearish breakout and planning to enter the market after breakout and pullback.

The order:
Type: sell-limit
R:R | 1:5
T/P: next support