GBPNZD: Important Breakouts 🇬🇧🇳🇿
Trend Analysys
Chart patern
2024-08-08T06:02:59+00:00
Trading Idea Description:
I have identified two significant breakouts on GBPNZD. The price has breached a key daily horizontal support and subsequently, a major rising trend line as well. These broken structures now form a contracting supply zone, indicating a strong potential for the pair to continue its decline. The next support level is at 2.1.
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