botje11

GBPNZD wedge and channel resistance

botje11 Updated   
OANDA:GBPNZD   British Pound / New Zealand Dollar
It's moving against the resistance of the channel now and on the lower time frame it is moving in what looks te become a wedge. Also below that resistance on the left as well, so a good R/R play here.

The rest of the things you can see on the right, was an educational post i showed in my channel, where i showed what a likely start of a trend change on that time frame would be like. I can't post them here, since i put the address from my channel into the chart (because a lot of other channels copy paste my material as if it's their own) and i am not allowed to post links to other website here on TV. It's worth the read, it's in 3 posts and scroll back up to the last 2 days.

On the lower time frame there is a bull flag, so i would wait until that plays out or even better, seeing it fail.
Comment:
this flag:

Order cancelled:
Seems the bull flag was real since it made a good breakout, so the trade is invalid now

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