The price perfectly fulfills my last idea. It hit the target.
GBPNZD
is pulling back towards the resistance zone and channel border, testing the key area at 2.08500. The price action is consistently making lower lows and lower closes, indicating a strong bearish trend. At this point, I anticipate a potential move lower, as the market has formed a double top at the channel border. If the price rejects this zone by forming a rejection candle, such as a long-tailed bar, I expect the bearish trend to continue. My target is the support level around 2.07525
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
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