GBPNZD - Strong Resistance 🦾

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

on WEEKLY: Left Chart
GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes.

on H4: Right Chart
GBPNZD has been overall bullish medium-term. However, it is diving inside the weekly resistance.

🏹 For the bears to take over, for a potential shift in momentum, we need a break below the last low in gray.

Meanwhile, GBPNZD can still trade higher inside the weekly resistance or even break it upward.

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich