on pound new zealand the market has recently touched a decent level of support and we see a decent pullback. The price is coiling in a rising wedge, and I will be looking for a bearish violation of it inside a potential reversal zone.
our potential reversal zone here is the range between two decent levels of resistance.
we can not precisely identify a major level here, so we use a zone instead. Inside this zone we are looking for a confirmation reversal signal. As it occurs it gives us a nice opportunity to sell the market.