NZDUSD - Keep It Simple🍰

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 As per my last analysis, attached on the chart, NZDUSD rejected the lower bound of the channel and traded higher.

📚 Currently, NZDUSD is approaching the upper bound of the channel.

Moreover, the highlighted red zone is a strong structure acting as a minor resistance.

🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and red structure.

📚 As per my trading style:
As #NZDUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trade stängt: målet nått