GBPNZD AROUND A MASSIVE ZONE
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPNZD Quick update.
As we can see price is still overall clearly bullish trading inside this rising channel
However, price is sitting around our upper bound of this channel acting as an over-bought zone lining up with a massive resistance zone, where we will be looking for new bearish correction movement.
Meanwhile, for the bears to kick in we need a momentum candle close below the marked swing low on H1 time frame, Then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBPNZD Quick update.
As we can see price is still overall clearly bullish trading inside this rising channel
However, price is sitting around our upper bound of this channel acting as an over-bought zone lining up with a massive resistance zone, where we will be looking for new bearish correction movement.
Meanwhile, for the bears to kick in we need a momentum candle close below the marked swing low on H1 time frame, Then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!