We have a head and shoulders formation with a broken neckline as well as MACD divergence on GBPNZD. The pair could head lower for a retracement. A move down to 1.9988 wouldn't come as a surprise as bulls start to lose steam on H4.
Risk to Reward
Stops: 2.0140
Targets: 2.0030 & 1.9988
Risk to Reward
Stops: 2.0140
Targets: 2.0030 & 1.9988
Head Shoulder Structure neckline breakout ✔
Divergence formation ✔
Support broken ✔