GBPNZD POTENTIAL RESISTANCE
If the pair pulls back to either the 2.14 area there could be a potential opportunity for a short.
Reasons to short -
Trend is bearish
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (yellow box)
A confluence of fibonacci levels from previous highs (inside the yellow box)
Good risk to reward ratio
However, keep on eye on the light pink area as this could also prove to be a resistance area. It is already pushing against the area and finding it hard to break through.
Reasons to short -
Trend is bearish
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (yellow box)
A confluence of fibonacci levels from previous highs (inside the yellow box)
Good risk to reward ratio
However, keep on eye on the light pink area as this could also prove to be a resistance area. It is already pushing against the area and finding it hard to break through.
İşlem aktif
Trade now active after waiting three weeks for it to return to the yellow zone.İşlem elle kapatılmış
Trade stopped out at break even
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.