The market pulled back to resistance after a breakout of the range zone.
GBPNZD
broke the previous resistance zone, which is the support level. I expect the market to fall from the resistance zone toward the support level and probably to the border of the upward channel. On the 4H timeframe, the price has reached key resistance, and because of it, the market may form a fake breakout of the resistance and make a pullback. On the daily timeframe, the trend is bearish. My target is the support level at 2.02650
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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