GBPNZD - Getting OverSold!

27 thg 12, 2023

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