Hello TradingView Family / Fellow Traders,
📈 GBPNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline.
Moreover, the zone 1.985 is a robust demand zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the blue demand and lower red trendline.
📚 As per my trading style:
As GBPNZD approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📈 GBPNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline.
Moreover, the zone 1.985 is a robust demand zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the blue demand and lower red trendline.
📚 As per my trading style:
As GBPNZD approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal