Lingrid | NZDUSD potenatil Bullish RALLY Following FAKE Breakout
The price perfectly fulfilled my last idea. It reached the target zone. 
NZDUSD recently formed a false breakout of the previous weekly level and the psychological level at 0.56000. On the daily timeframe, the market has approached a demand area from which it previously surged, suggesting that we could see a pullback from this level again. We already can see a market shift in the form of higher highs and higher lows. Since we have high-impact news today, there may be selling pressure, potentially driving the price toward the psychological level below. I expect that the price to retest the area below the upward trendline. My goal is resistance zone around 0.57210
NZDUSD recently formed a false breakout of the previous weekly level and the psychological level at 0.56000. On the daily timeframe, the market has approached a demand area from which it previously surged, suggesting that we could see a pullback from this level again. We already can see a market shift in the form of higher highs and higher lows. Since we have high-impact news today, there may be selling pressure, potentially driving the price toward the psychological level below. I expect that the price to retest the area below the upward trendline. My goal is resistance zone around 0.57210Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
The price reached the TP level
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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎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.