Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPNZD TREND-FOLLOWING
As we can see price is still overall bearish trading inside this channel making clean lower lows and lower highs.
Moreover, price is sitting around our falling trendline, where we will be looking for new bearish movements.
Meanwhile, from a shorter-term perspective price is still overall bullish, and for the bears to take over, we need a break below the marked swing low by a momentum candle close on m30, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBPNZD TREND-FOLLOWING
As we can see price is still overall bearish trading inside this channel making clean lower lows and lower highs.
Moreover, price is sitting around our falling trendline, where we will be looking for new bearish movements.
Meanwhile, from a shorter-term perspective price is still overall bullish, and for the bears to take over, we need a break below the marked swing low by a momentum candle close on m30, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!