For a Pound New Zealand reversal, the speaker requires a break above previous resistance on the 1-hour chart, followed by a pullback to structure or Fibonacci (38.2%) level, before expecting an upward move from the daily structure level.
"For me personally I need a little more confirmation than that so what I actually do is drop down to the 1 hour chart and this is where the reversal comes into play so here on the 1 hour chart what I'll be looking for out of the pound New Zealand is a move like this that breaks above our previous level of resistance that's my first step that's what I need to see first for a reversal trade after that move I'll be waiting for the market to pull back into that level of structure or maybe even a Fibonacci level after that impulsive move which is going to line up with the 382 and then push back up for a possible really nice push off of this daily level of structure here"
