PriceActionTrading
Long

D1 GBPNZD Playing the wedge

FX:GBPNZD   British Pound/New Zealand Dollar
38 1 1
2 confluence already aligned. wedge support line and key 1.97 support line.
wait for a 3rd confluence which is a bullish pin bar or a bullish engulfing pattern formed on the H4 or D1(preferably).
This is a with-trend trade, however with the weakening of GBPUSD             and GBPJPY             . Hard to say if the up trend will continue.
I personally will take this trade if H4 proves some pin bar/engulfing actions.
No H4 price action worthy of trading. price broke right through the wedge as expected due to the weakening of GBP, as with other GBP pairs.
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