GBPNZD pair forming an emergency falling Wedge from hourly chart and 4 hours chart.
It looks like bottom is near.
If we observe recent year weekly long-term chart, it touches the bottom projection trend line, too. (Dark line)
Long position is preferable if it continue a crazy drop. Let's see the bear how crazy it is.
Where to place to Long Position?
1: Could place when falling wedge breakup.
or
2: The current level to the low of previous low.(the low of 23th June, 2020)
This is a personal record only, not financial advise.
It looks like bottom is near.
If we observe recent year weekly long-term chart, it touches the bottom projection trend line, too. (Dark line)
Long position is preferable if it continue a crazy drop. Let's see the bear how crazy it is.
Where to place to Long Position?
1: Could place when falling wedge breakup.
or
2: The current level to the low of previous low.(the low of 23th June, 2020)
This is a personal record only, not financial advise.