2.23-2.24 is daily structure zone (currently resistance).
Since then, the price pulled back and formed what could be an aggressive C entry ( ) for a pattern.
Basically the scenario suggests that $GBPNZD will complete pattern near its 200 line (shorting opportunity near 2.27).
Aggressive traders can try and buy GBPNZD between 2.18 and 2.2 (based on smaller time frames) and aim for 2.24 and 2.27 as swing trading target options.
Conservative traders should wait for GBPNZD to break above the 50 line and than place a stop loss below the Fast line with anticipation that these two MAs will act as sufficient support lines in GBPNZD way up (this is the scenario I'm showing in the chart with 1.5 R/R)
Tomer, The MarketZone.net
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