Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last GBPNZD, we were looking for sell setups around the 2.16 resistance.
GBPNZD is trading lower and it is approaching the lower orange trendline.
Moreover, the zone 2.1 is a strong support.
๐น So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support.
As per my trading style: As GBPNZD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich