GBPNZD good opportunity for sellers!
Based on the chart, price reached a major resistance area and a rejection happened on Friday. This rejection can show us the weakness on buyers and on the other side It can be a good sign of entering new sellers at this area which can weight the sellers.
So based on these scenarios it can be a good opportunity for selling at this area which can provide a good risk reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So based on these scenarios it can be a good opportunity for selling at this area which can provide a good risk reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.