NZDUSD FALLING fron RESISTANCE zone
Let us remember my previous forecast, in which I said that after the breakdown of the strong line and the support level, the price reached the resistance lines and reversed in a downtrend.
During this move, she again touched strong support, which gave her an impetus for growth.
Globally, this bursting movement was a consequence of the price exiting the Flag pattern, which served as a reversal pattern for the price.
However, right now we see that the price has reached a strong resistance zone - the level and the line. And I don’t think it will grow anymore.
I expect the price to start falling. And in the future it will, of course, not immediately, but will fall to the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
During this move, she again touched strong support, which gave her an impetus for growth.
Globally, this bursting movement was a consequence of the price exiting the Flag pattern, which served as a reversal pattern for the price.
However, right now we see that the price has reached a strong resistance zone - the level and the line. And I don’t think it will grow anymore.
I expect the price to start falling. And in the future it will, of course, not immediately, but will fall to the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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🚀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.
📚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.