GBPNZD - 300 Pips down In One Day. Here's What's Next!

Wait 5 sec.

GBPNZD - 300 Pips down In One Day. Here's What's Next!GBP/NZDOANDA:GBPNZDforexobrokerI see a confirmed valid bearish Change of Character on 📉 GBPNZD on the daily time frame. A wide-range bearish daily candle just swept the recent high, then sold off almost 300 pips to close below the prior swing low at ~2.2830 — the structure that buyers had been defending. That's a structural pivot: the trend's character has flipped from bullish to bearish. The plan: I'm not chasing the down move. The cleanest short comes on the pullback back into the broken structure / imbalance zone around 2.2820 – 2.2865 — that's old support flipped to new resistance. Let price come back, confirm sellers are still there, then engage. 🎯 Target: 2.2668 — the next demand pocket below. ❌ Invalidation: a decisive daily close back above ~2.2870 voids the CHoCH. Bias remains bearish on a daily-close basis below the flipped level. ————————— Daily time frame Selling the pullback into 2.282–2.287, or waiting for a lower-high to print first? 👇