GBPNZD - Strong Resistance ðĶū
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on WEEKLY: Left Chart
GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
GBPNZD has been overall bullish medium-term. However, it is diving inside the weekly resistance.
ðđ For the bears to take over, for a potential shift in momentum, we need a break below the last low in gray.
Meanwhile, GBPNZD can still trade higher inside the weekly resistance or even break it upward.
ð Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
GBPNZD has been overall bullish medium-term. However, it is diving inside the weekly resistance.
ðđ For the bears to take over, for a potential shift in momentum, we need a break below the last low in gray.
Meanwhile, GBPNZD can still trade higher inside the weekly resistance or even break it upward.
ð Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal