If this pattern follows through we can go for a short position when the wedge is conformed a little more.
Will update if it is time for a position to take.
Thanks for reading!
Will update if it is time for a position to take.
Thanks for reading!
Trade closed: target reached
After a fake breakout on both sides the wedge continues for a little while on the NZDUSD chart. After a second break on the support the wedge has shown some big profits on this one.
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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.