GBP/NZD Best Place For Sell Spotted , 250 Pips Ready To Catch !

Jun 24

Here is my opinion on Daily T.F On 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 1000 pips for 3 times That mentioned with green circles , and if we checked the chart we will see that the price is going up very hard without any correction so we need a very strong res area to force the price to go down at least for 200 pips so i choose this new red circle area cuz it`s the highest place the price touch it and it respect it very much and go down very hard as it go up very hard , so i`m waiting the price at this area to sell it and targeting from 100 to 250 pips . if we have a daily closure above my res area this idea will not be valid anymore .

Entry Reasons :

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

Jun 30

Trade active

The Price Touched Our Selling Area And Moved +100 Pips

Jun 30

Note

The Price Touched Our Selling Area And Moved +140 Pips

Jul 1

Trade closed: target reached

Jul 9

Note

The Price Moved +150 Pips

Jul 14

Note

The Price Touched Our Selling Area And Moved +520 Pips