GBPNZD 28-03 [FEB] Analysis - Falling wedge for a 100 pip long
Updated
This falling wedge formed during the recent 1H uptrend may indicate a long break out of 100 pips. This analysis further supports my earlier monthly analysis of a descending triangle testing 4H support for a potential long.
Note
It seems PA is already testing the trend line for a possible breakout!Trade active
Trend broken again and ready for entryNote
PA has finally decided to move in the right direction and moving ok so far.Trade closed: target reached
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