GBPNZD may come down from the resistance!
Based on your analysis of GBPNZD, it appears you expect a bearish move from the current resistance level due to consolidation.
Resistance Zone: 2.13723 to 2.13471
Support Zone: 2.10397 to 2.10002
Trading Plan:
Entry Point:
Sell at: 2.13621, which is near the current resistance.
Take Profit:
Target: 2.11624, positioned above the support level.
Stop Loss:
Set at: 2.15618, to protect against unexpected upward movement.
This strategy leverages price action around support and resistance, anticipating that the price will reverse from the resistance and move lower towards the support. Just ensure you have solid risk management in place.
Resistance Zone: 2.13723 to 2.13471
Support Zone: 2.10397 to 2.10002
Trading Plan:
Entry Point:
Sell at: 2.13621, which is near the current resistance.
Take Profit:
Target: 2.11624, positioned above the support level.
Stop Loss:
Set at: 2.15618, to protect against unexpected upward movement.
This strategy leverages price action around support and resistance, anticipating that the price will reverse from the resistance and move lower towards the support. Just ensure you have solid risk management in place.
Trade active
trade is now active. buy within the resistanceTrade closed: stop reached
it broke resistance so we got loss
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