Lingrid | GBPNZD short after Rejection of the RESISTANCE

Mar 15

The price perfectly fulfilled my last idea. It hit the target. The market pulled back to resistance after a breakout of the range zone. GBPNZD broke the previous resistance zone, which is the support level now. I expect the market to fall from the resistance zone and the border of the upward channel. On the 4H timeframe, the price is below the key resistance at 1.09000, and because of it, the market may form a fake breakout of the resistance and make a pullback. My target is the support level at 2.08115

Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻