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 these two channels.
However, price is sitting around our upper bound of channels acting as an over-bought zone,
Lining up with our horizontal resistance
Meanwhile, from a shorter-term perspective and for the bears to start correction we need a break below our swing low, 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 these two channels.
However, price is sitting around our upper bound of channels acting as an over-bought zone,
Lining up with our horizontal resistance
Meanwhile, from a shorter-term perspective and for the bears to start correction we need a break below our swing low, 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!