The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the triangle, ideally around 2.1100. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels:
2.1011: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point.
2.0970: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. These targets act as potential support zones that could see selling pressure.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (depending on the triangle type) of the triangle, ideally around 2.1150. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the triangle, ideally around 2.1100. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels:
2.1011: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point.
2.0970: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. These targets act as potential support zones that could see selling pressure.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (depending on the triangle type) of the triangle, ideally around 2.1150. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
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New Telegram Free Channel : telegram.me/kabhi_official
Contact Me @
Telegram - telegram.me/kabhidhan_official
Contact Me @
Telegram - telegram.me/kabhidhan_official
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。