GBPNZD was steadily going down within a falling channel last week.
yesterday 1.913 - 1.917 narrow demand area was reached.
the price has stopped falling and with multiple rejections, bears weren't able to breakthrough.
now it is bulls' turn to try:
if bulls violate this area to the upside, it will confirm the breakout of a falling channel and for us, it will be a good buying signal.
wait for the 4H breakout of the decision area and buy on retest aiming at:
1.924
1.928
in case of a bearish violation of the decision area, it will be a selling signal, and our setup will be invalid.
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