GBPNZD - 5 Mar 2026 - Intraday Bullish biasGBP/NZDOANDA:GBPNZDazmi12321📈 GBPNZD – Potential Reversal from Weekly Open Overview GBPNZD has shown multiple liquidity events and clear shifts in market structure, suggesting the pair may be preparing for a bullish corrective leg after sweeping sell‑side liquidity near the weekly open. Current price is consolidating within a potential accumulation zone. 🔍 Key Technical Observations 1. Buy-Side Liquidity Sweep (Higher Timeframe) Price previously ran the highs, taking buy-side liquidity, followed by a clear downside move—indicating potential distribution at the top. 2. Major Structure Shifts (BoS + CHoCH) The chart shows a Break of Structure (BoS) after the buy-side sweep. Multiple CHoCH signals confirm active redistribution and then accumulation phases. Each CHoCH aligns with liquidity being swept on both sides of the range. This suggests engineered liquidity grabs before structural continuation. 3. Liquidity Sweep at the Bottom Price has just taken sell-side liquidity beneath local equal lows and reacted strongly, aligning with: Discount zone of the latest swing Weekly open level acting as a short-term decision area This reinforces the likelihood of price accumulating for a retracement upward. 4. “Bump in the Road” Zones (Intermediate Supply Areas) Two potential reaction zones are marked above current price: These serve as intermediate liquidity pockets where price may: Take intraday liquidity Retest order blocks Potentially form short-term pullbacks 🎯 Trade Idea Bias: Short-term bullish retracement, contingent on lower‑timeframe confirmation. Entry Concept: 🕒 Wait for lower‑timeframe CHoCH within the highlighted reaction zone near the weekly open. A lower‑TF break of structure will indicate: End of the liquidity sweep Start of accumulation Alignment with the expected bullish corrective wave Targets: First “bump in the road” (intermediate supply) Second “bump in the road” (higher liquidity cluster) Each target aligns with: Previous imbalances Untapped buy-side liquidity Potential mitigation of bearish order blocks 🛑 Invalidation The idea becomes invalid if price: Breaks below the most recent sweep low without CHoCH, showing continued sell-side intent. 📝 Summary GBPNZDis forming clean liquidity cycles and internal structure transitions. The confluence of: Sell-side liquidity sweep Weekly open Structural CHoCH expectations ...suggests a bullish correction is likely if lower‑TF confirms. Patience for CHoCH is essential to avoid premature entries.