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DeGRAM | GBPNZD false breakout

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
DeGRAM  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Support and Resistance gbpnzdanalysis gbpnzdsignal
6
2
trendanalysis chartpattern supportandresistance gbpnzdanalysis gbpnzdsignal
GBPNZD broke and closed below the resistance level at 1.96600 and pulled back to the consolidation zone.

The market created a false breakout of the resistance level. There's a nice confluence zone to short at the resistance level .

We expect a pullback from the resistance if price makes another false breakout of the resistance. 


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