GBPNZD: Potential Bearish Reversal?
I am seeing a potential Bearish reversal in GBPNZD. Reason been bulk of the volume are traded at the top while price close towards the lower range of the day. And this happen near a structure high.
An aggressive entry will be a pull back and a rejection entry. Or a prudent approach would be a H4 closed with low volume below the order block indicated, then selling the pull back. Will be watching this pair closely for a SHORT trade.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
An aggressive entry will be a pull back and a rejection entry. Or a prudent approach would be a H4 closed with low volume below the order block indicated, then selling the pull back. Will be watching this pair closely for a SHORT trade.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
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.
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.