NZDUSD Rising Wedge Pattern Breakout

The pair is already in a strong downtrend on higher time frames. We are expecting further weakness which is signalled by the breakout of the rising wedge pattern. We can also see the formation of a new low and a breakout of a key level which further supports our directional basis

Yorum:

Price seems to be gaining downward momentum in the direction of the trend

Yorum:

Price has pulled back close to our entry. This is a another chance to enter.

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