Analysis of #GBPNZD
The GBPNZD is at trendline resistance now, I am waiting for a bearish signal, pin bar, engulfing candle, or double top on the lower time frame to get in a sell trade.
if you look left you will see a pin bar and if we get a similar one with confirmation I will enter a sell however we need to be careful and not enter now as this pair might extend further to the upside before it gets back and closes inside of the resistance zone again similar to what happened before, looking left.
if the market closes above structure resistance then this idea is not valid anymore
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
The GBPNZD is at trendline resistance now, I am waiting for a bearish signal, pin bar, engulfing candle, or double top on the lower time frame to get in a sell trade.
if you look left you will see a pin bar and if we get a similar one with confirmation I will enter a sell however we need to be careful and not enter now as this pair might extend further to the upside before it gets back and closes inside of the resistance zone again similar to what happened before, looking left.
if the market closes above structure resistance then this idea is not valid anymore
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
