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

Note

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

Note

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

Trade fermée manuellement

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