GBPZAR Approaching Resistance Zone: Potential Sell Setup

27 de jan.

GBPZAR is approaching a key resistance zone, a level defined by previous price rejections and significant selling pressure. While the current bullish momentum may drive the price into this area, there is a strong probability of a correction once the zone is tested.

If sellers regain control, a rejection at this resistance area could lead the price to drop toward the 23.2084 level. This setup aligns with the expectation of a short-term correction after an impulsive move.

I'll wait for clear rejection signals, such as bearish engulfing candles or strong wicks, before taking action. Let me know if you agree with this analysis or if you have additional insights to add!

28 de jan.

Trade ativo

28 de jan.

Trade fechado: objetivo atingido

Take Profit Reached