I had previously shared a chart for nzdchf. I was expecting the wedge to rise to 0.5250 if it tested the support zone after the upward breakout, but the price broke the wedge downwards instead of upward. Now it is inside the wedge again and has formed an inverted flag formation. With the downward breakout of the channel, the TP zones will be as in the chart.
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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.