GBPNZD had given a breakout from the falling trendline, formed a higher high, and retrace back to formed HL.
Recently, it took a hit from the so-called resistance zone forming a double top pattern. (Range Form)
We are expecting the price to trade in a range before giving an upside breakout. Long positions can be taken above the resistance zone.
Manage your trades accordingly.
Recently, it took a hit from the so-called resistance zone forming a double top pattern. (Range Form)
We are expecting the price to trade in a range before giving an upside breakout. Long positions can be taken above the resistance zone.
Manage your trades accordingly.
