Post #8071

📈GBPNZD – Technical Breakdown & Buy Entry Setup We’re in a buy position on GBPNZD based on strong technical confluence across multiple timeframes. Here’s what we’re looking at 👇 🔹Daily Support + Order Block Zone: Price has tapped into a key support level that has historically acted as a strong demand area. This zone aligns perfectly with a major order block, giving us a high-probability reversal setup. 🔹Trendline Support: We’re sitting right on the ascending trendline from previous lows — maintaining bullish market structure and confirming higher-low formation potential. 🔹Confluence Fibonacci: the 5% Fibonacci Retracement zone (around 2.3320) offers a clear target region for take profit area we will be looking to close. 🎯Outlook: We expect a bounce from this area targeting the 2.33 zone, where previous structure and Fibonacci align. — Quantara FX Team 🍀