GBPNZD Sell Setup - Update!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

As per our last idea (attached below) we were waiting for the head and shoulders neckline break downward to sell GBPNZD, however, as you can see, GBPNZD made a higher high, higher than the head, so the pattern is invalidated.

But since GBPNZD is still sitting around resistance, we are still looking for sell setups.

on DAILY: GBPNZD is sitting around a strong resistance in orange so we will be looking for sell setups on lower timeframes.

on M30: GBPNZD is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid.

Trigger: Waiting for a momentum candle close below the gray area to sell.

As you can see, we also have this gray trendline, so we will also waiting for a third swing to form around it to consider it valid and then sell on its break downward.

The gray or red trendline, whichever gets validated first ;)

and until the sell is activated, this one would be overall bullish and can still trade higher.

Good luck!