π‘ Ensure proper risk management when following signals! π¬ Comment: "
Reason for Selling: GBP/NZD shows signs of weakening, with bearish momentum building. The entry at 2.16171 is intended to leverage this downward trend from a key resistance zone.
Take Profit Locations: TP1 (2.15262): Targets an initial drop, capturing short-term profit from immediate selling pressure. TP2 (2.13488): Aims for further decline aligned with continued bearish sentiment. TP3 (2.11747): Positioned to capture an extended move downward, anticipating a deeper retracement.
Stop Loss: SL (2.16885): Set above the recent resistance, offering protection against a reversal while maintaining a favorable risk-to-reward ratio."
NOTE: "The node on the chart represents a potential reversal point where the market might change direction. We should watch this area closely to see how it behaves in real-time. There are three key nodes that could trigger a reversal or at least a pullback. Make sure to secure profits and monitor these areas carefully. ππ" the area that
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.