GBPNZD-Approaching Key Resistance: Is 2.2485 The Next Target?
GBP/NZD Technical Analysis (1H Chart)
- Resistance Zone: The pair is currently testing a strong resistance area around 2.2730–2.2750.
- Price Action: A rejection from this level could indicate a potential downside move.
- Target Area: If selling pressure increases, the price may decline toward the 2.2485–2.2490 support zone.
- Risk Management: Stop-loss should be placed above the resistance zone, while take-profit is near the target area.
- Volume Analysis: Decreasing volume near resistance suggests potential weakness in bullish momentum.
A confirmed break above resistance could invalidate the bearish outlook.
If this beneficial for you , like it.
- Resistance Zone: The pair is currently testing a strong resistance area around 2.2730–2.2750.
- Price Action: A rejection from this level could indicate a potential downside move.
- Target Area: If selling pressure increases, the price may decline toward the 2.2485–2.2490 support zone.
- Risk Management: Stop-loss should be placed above the resistance zone, while take-profit is near the target area.
- Volume Analysis: Decreasing volume near resistance suggests potential weakness in bullish momentum.
A confirmed break above resistance could invalidate the bearish outlook.
If this beneficial for you , like it.
Trade active
Note
Trade closed: target reached
Final Target Achieved 200 pips+ profits.Note
This was great setup .....
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.