I think price is going to run these equal highs to pick up liquidity before continuing bearish. Long term I am bearish on this pair. Ignoring all buys and waiting for my sell setup. Monitoring price on the daily tf with 4 hr entry.
Waiting for price to pull back up to the daily bearish order block which is my target sell area. If Price breaks current area and hold in a downtrend I will reanalyze. For now I'm just waiting for price action and will be watching after bank holiday
Moves similar to gbpnzd and I will be looking for similar movement. I think if price do not form and hold below bb that Price may possibly give another push up towards the highs before breaking previous lower levels. IF price closes below current level i will wait and see how pullback candle reacts and close. Will be monitoring the daily tf with 4 hr tf entry