this is my view on GBPNZD on the daily timeframe.
As you can see, we have break the bullish daily trendchanel and the price has retest the lower line of the trendchanal
I will set a sell stop after the nex lower high on the 4h chart.
Not forget we will have the Brexit votum soon and if the UK get no deal with the EU and get a hard ...
In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision Candle.