FX:GBPNZD   British Pound / New Zealand Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: GBPNZD is sitting around a strong resistance in orange so we will be looking for sell setups on lower timeframes.

on M30: GBPNZD is forming a head and shoulders pattern (still an idea) so we will be waiting for the right shoulder to form to consider it valid.

Trigger: Waiting for a momentum candle close below the gray area/neckline to sell.

and until the sell is activated, this one would be overall bullish and can still trade higher.

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Thank you for your effort bro
+2 Reply
TheSignalyst amjad96sami
@amjad96sami my honor
Reply
Still valid this stretegy?
+1 Reply
TheSignalyst BitTigerCrypto
@BitTigerCrypto, no longer valid, since price made a swing high, higher than the head before getting activated
+1 Reply
BitTigerCrypto TheSignalyst
@TheSignalyst, Thanks for explanation.
+1 Reply
TheSignalyst BitTigerCrypto
@BitTigerCrypto, my pleasure mate
Reply
Appreciate your effort
+1 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1 my honor
Reply
Always on point!
+1 Reply
TheSignalyst TopTradingSignals
@TopTradingSignals, glad you like it gentleman!
Reply
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