Falling Wedge breakout - Long with good risk reward ratio
When a falling (or rising) wedge fails to reverse, price action can be classified as a ‘running wedge’. A running wedge leads to an acceleration in price movement in the direction of the wedge. The running wedge objective is .6584
AudNzd formed a bullish pin at support. On Friday an inside bar formed (See chart for entry, stop loss and take profit levels). AudNzd trading around year open price, which is a great reference point.
AudNzd formed a bullish pin at support. On Friday an inside bar formed (See chart for entry, stop loss and take profit levels). AudNzd trading around year open price, which is a great reference point.
Failed Wedge - Short NzdUsd, next support only at 0.585