hey guys,
on pound new zealand the market has recently touched a decent level of support and we see a decent pullback.
The price is coiling in a rising wedge, and I will be looking for a bearish violation of it inside a potential reversal zone.
our potential reversal zone here is the range between two decent levels of resistance.
we can not precisely identify a major level here, so we use a zone instead.
Inside this zone we are looking for a confirmation reversal signal.
As it occurs it gives us a nice opportunity to sell the market.
targets based on structure.
good luck!
Note
market entered a potential reversal zone
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.