GBPNZD - Looking For Sell Setups ↘️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on DAILY: Left Chart
GBPCHF has been stuck inside a big range and it is currently sitting around the upper bound so we will be looking for sell setups on lower timeframes.

on H1: Right Chart
GBPNZD is forming a wedge pattern in red but it is not ready to go yet.

For the bears to take over, we need a momentum candle close below the last major low in gray.

Meanwhile, until the buy is activated, GBPCHF would be overall bullish and can still break the resistance upward.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich