Lingrid | GBPNZD fake BREAKOUT of the Previous DAY high

Nov 5

GBPNZD has reached a strong resistance zone on the daily timeframe, pulling back from the 2.18000 level. As observed, the price has been creating impulse legs followed by weaker pullbacks. Recently, the market formed a compression channel or an ascending triangle pattern. I anticipate bearish momentum potentially forming ABV pullback toward the support level, especially since the market made a fake breakout above the previous day's high. My goal is support zone around 2.15610


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻