AUDNZD Bullish Wedge, Part 3, Target Reached!

Time to take profit and not wait for the exact end of it. Always okay to leave a small part, like 20/30% with a tight trail stop (something i usually do), with a target around that yellow circle. Now its time for the second part of this long term play. I will probably not touch if for a few weeks now and want to see it follow that blue line on the left. There i will most likely start to build up a long position again. Only if i see a perfect pattern, i might short it to the low of that blue line.

Just look at how perfectly that bull flag from the previous analysis played out :).


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