GBP/NZD Near Strong Res Area , Short Valid To Get 150 Pips !

Sep 25

Here is my opinion on 2H GBP/NZD Chart , the price Very Near to touch a very strong res area that forced the price to respect it and go down for more than 500 pips for 1 time , and now the price trying to touch it so now i`m waiting the price to go back to retest the same area again and give me a good bearish price action to can enter a sell trade and we can targeting from 100 : 200 pips . if we have a daily closure above my res area this idea will not be valid anymore .

Entry Reasons :

1- Very Strong Daily Res Area .
2- Perfect Bearish Price Action .
3- Bigger Time Frames Confirmed .

Oct 2

Trade closed: target reached