GBPNZD: Structure Based Trading Plan

By VasilyTrader
snapshot

Morning guys!

GBPNZD is approaching a key structure resistance level on 4H and daily.
2.097 - 2.104 is our potential reversal zone.

to catch a pullback from this level, pay attention to a rising parallel channel on 1H!
bearish breakout of that (1H candle close below) will be a perfect trigger to short the pair.

target levels:
2.080
2.065

stop above higher high of the channel!

good luck!
Chart PatternsCurrenciesForexTechnical IndicatorsnewzealanddollarpoundpoundsterlingTechnical AnalysistraderTrend Analysis
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/

Related publications

Disclaimer