GBPNZD

In the one-month time frame, GBPNZD has mitigated the long-term supply zone (in red).
The long-term outlook on the monthly time frame is largely bearish, though the pair was in bullish mitigation or correction. Presently on the monthly time frame, we have strongly protected highs with weak lows confirming our bearish market structure.
After the bullish correction, the pair turned bearish, targeting the unmitigated demand at the 1.80 price handle
Following the geopolitical risks in the Euro Zone, the GBPNZD collapsed to 1.81 levels and quickly formed a new high at the 2.0 price handle. The pair settled and then settled at the demand at the 1.88 price handle. Thereafter, the supply at 2.02 levels was mitigated.
Presently, on the 4-hour we have reversal confirmation. A change of character (CHOCH) and a break of market structure (BOS) were formed as the market grabbed liquidity as indicated.
We are anticipating a reversal on the horizon, and we have three options for selling limits:
1. A fair value gap at 2.018705 price handle
2. Liquidity at 2.018405 per handle.
3. Fresh order block (FOB) in green at 2.017630 price handle.
Our projected exit sits at 1.889 price handles.