NZDUSD FALLING from strong RESISTANCE
Recently, the estimate was able to break through the support line, within which it has been moving since the beginning of summer and June 2020. This is a rather serious breakout, since before that the price went beyond the line only by the candlestick.
Almost immediately, however, she found herself in a resistance zone.
This resistance zone has existed since at least May 2020 and we see how the scenario repeats itself: the price enters the zone, moves within its borders and then completes the trend.
Each time this is preceded by a strong movement - rise or fall.
So now I also expect a trend change. After exiting the zone, the price will stop growing and start falling. Moreover, from this morning it is already possible to observe how the price falls. In addition, after the breakdown of the line, the price should not have the strength to break through such a strong resistance zone.
I expect the target - the support line 0.684.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Almost immediately, however, she found herself in a resistance zone.
This resistance zone has existed since at least May 2020 and we see how the scenario repeats itself: the price enters the zone, moves within its borders and then completes the trend.
Each time this is preceded by a strong movement - rise or fall.
So now I also expect a trend change. After exiting the zone, the price will stop growing and start falling. Moreover, from this morning it is already possible to observe how the price falls. In addition, after the breakdown of the line, the price should not have the strength to break through such a strong resistance zone.
I expect the target - the support line 0.684.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.