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.
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.