The price perfectly fulfilled my last idea. 
GBPNZD is rebounding strongly after forming a Higher Low just above the key support at 2.2587, sustaining the bullish structure. The recent impulse leg broke out of the previous downward channel, and price is now stabilizing for a potential rally toward the 2.2900 resistance. If momentum sustains above the trendline retest area, we may see another wave toward the top of the resistance zone.
📈 Key Levels
💡 Risks
GBPNZD is rebounding strongly after forming a Higher Low just above the key support at 2.2587, sustaining the bullish structure. The recent impulse leg broke out of the previous downward channel, and price is now stabilizing for a potential rally toward the 2.2900 resistance. If momentum sustains above the trendline retest area, we may see another wave toward the top of the resistance zone.📈 Key Levels
- Buy zone: 2.2580–2.2660 near support and trendline confluence
- Buy trigger: breakout continuation above 2.2700 with bullish structure
- Target: 2.2900 resistance zone, top of the current wave
- Sell invalidation: drop below 2.2370 breaks the bullish market structure
💡 Risks
- Failure to hold 2.2580 support could push price back toward 2.2370
- Resistance around 2.2700–2.2750 may delay breakout if volume weakens
- Broader rangebound conditions may trap early long positions
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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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.
💰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.