Price rallied up due to high impact news last week and didn't hesitate to go test the weekly resistance area, I definitely expect a pullback (fall) from that resistance area (Sell Zone). to the target areas.
Cheers!
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I just noticed that my pattern was out of alignment (A) LEG OF MY PATTERN, so here it is guys... GBPNZD will go down
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GBPNZD just had no choice than to fall yeah, how you manage your trades is very important putting your account size in perspective and the lot size or risk per trade is also crucial because you can win back a losing trade if you have a good knowledge of trading. Sometimes We win, we lose, BUT WE ULTIMATELY WIN in the END!!! Cheers!!!
@nawras.elghorani, Yes I believe, price has been on the overbought area which calls for correction and also for price to go further up price needs to break and find support on 2.05755 area else I expect a fall to price level 2.02952 area. For me it's still valid, but please make use of good proper risk management, move your stops and try to breakeven. Cheers!