Home Polls & Quizzes GBPNZD: Will Equidistant Channel’s Resistance be Held Again?

GBPNZD: Will Equidistant Channel’s Resistance be Held Again?

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GBPNZD has been obeying a descending Equidistant Channel. The price, after having a bounce at the support level, has been heading towards the resistance. Also, it has had a consolidation twice.

Today’s intraday price action has been bullish. The sellers are going to eagerly wait for the resistance level to be held and get an H4 bearish reversal candle to go short again. The question is whether it will be held this time or it will be breached. Let us have a poll on this.

Scenario 1: The resistance level will be held and sellers go short again.

Scenario 2: The resistance level will not be held

Will Equidistant Channel’s Resistance be Held Again?

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