GBP/NZD Potential Bullish Move from Institutional Demand

Dear Traders,

GBP/NZD is reaching some value after a strong drop from Monthly and Weekly Supply, the overall price-action looks clearly bearish with a trendline rejection on the Monthly Chart and Supply. However, price is likely to pullback
after a daily trendline is taken out and most often, all the way back to the initial start of the move. This way, institutions can fill up more orders, before the big down move.

The Daily zone drawn in below is my main area for potential long opportunities. Let's see what happens when it is reached. More updates below this idea as comments soon, just like all the other idea's make sure to check the comments/updates.

Have a great day.

Best regards,

Max Nieveld
& The NCFX Team

הפקודה בוטלה:

Dear Traders,

Another great call that played out perfectly, unfortunetely catching this one wasn't possible due to it missing the daily and weekly demand area slightly lower. This does not happen a lot that price misses our supply and demand zones but it was mainly due to the fundamentals pushing price higher for the GBP.

Best regards,

The NCFX Team