Can you update us when you find a good buying opportunity? Thanks a lot.
Also, I had a question, why does anything related to GBP move in great pips per day?
I have no idea as to the real reasons for the huge GBP move.
I can only think of the UK election already out of the way, so goes the uncertainty.
The other is the expectation of BOE rate increase. I doubt BOE will increase rate before the Fed. Just my personal thought based on my limited knowledge and experience.
Anyway I prefer to let the price action and chart to show me the way.
On your first point, do you mean GBPNZD is overbought on daily, and not oversold? I will wait for pullbacks in daily.
On your second point, I do not trade off classical patterns like H&S or double bottom/top, etc. But I use them as piece of information and indication of possible reversals in trend.
The market has closed above the level you mentioned above.
Next resistance is around 2.2200.