Lingrid

Lingrid | GBPNZD short from RESISTANCE zone

Satış
FX:GBPNZD   İngiliz Sterlini / Yeni Zelanda Doları
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


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