This is a technical analysis of the GBPNZD pair on the 4-hour (4H) time frame, and is mainly based on the Harmonic Trading School with the integration of supply and demand zones. Here is a detailed explanation of the points shown in the chart: 1. Technical model (harmonic) The chart shows the formation of the Harmonic model (often the Bat-Bat or Shark-Shark model according to measurements), where the last ascending wave was completed at levels close to the green shaded region. These models are based on Fibonacci ratios to predict a price "reversal". 2. Resistance Zone (Width) The shaded area in green (between the levels of approximately 2.3150 and 2.3200) represents a strong viewing area: • The price tries to reach it to test it. • This region coincides with an inclined downtrend line, which increases its strength as resistance. 3. Expected scenario (by drawing) The analysis indicates an upcoming bearish view based on the following: • Retest: The analyst expects the price to rise for the last time inside the green rectangle to test the resistance and trend line. • Mini Double Vertex Model: Black Winding Lines Within The Green Zone Indicate The Expectation Of A Trangental Movement (Oscillation) To Form An Apex, Followed By A "Break" Downwards. • Target: The long black arrow indicates targeting distant downs, which may reach areas of 2.2850 or lower. Conclusion: The analysis suggests selling from the green zone, considering that the pair has reached technical purchasing saturation and strong resistance, and the goal is to take advantage of the large corrective downwave of the model.