GBP/NZD 4H Analysis – Premium Sell Setup Forming

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GBP/NZD 4H Analysis – Premium Sell Setup FormingGBP/NZDOANDA:GBPNZDTrading-Temple-On the 4-hour timeframe, we can see that GBP/NZD has bounced strongly from a daily support zone, showing a temporary retracement within the current bearish trend. At the moment, price is pushing upward toward the 4H Fair Value Gap (FVG) area. This zone aligns perfectly with multiple key confluences: - FVG 4H acting as a potential imbalance area to be filled. - Confluence with strong resistance zone. - Between 61.8% and 79.8% Fibonacci retracement levels — a classic premium zone for short setups. - A recent bearish EMA 50/100 crossover confirming bearish momentum remains intact. Based on this confluence, my expectation is that price will likely move higher to fill the FVG and then reject from that zone, targeting the daily support level below. It’s also important to note that the sell-side liquidity below daily support has not yet been taken — which suggests that market makers may push the price down to sweep that liquidity before any potential reversal. 📉 Trading Plan: - Wait for price to reach the FVG / premium zone. - Then look for a Change of Character (CHoCH) or bearish confirmation on the 5m or 15m timeframe before executing the sell position. - If the price breaks above the FVG zone on 4H, the setup becomes invalid. 🎯 Target: Daily support zone / sell-side liquidity sweep ⚠️ Invalidation: Break and close above the FVG zone on 4H