itaskar
Long

rising wedge in trend long opportunity

FX:GBPNZD   British Pound / New Zealand Dollar
131 6 1
rising wedge , trendline still holds
double bottom possible
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There's a multipivot line at around 1.963, that should act as support. Unless on Monday and Tuesday the pound is going to be stronger than the kiwi, this line may be hit first before it goes up. The last week ended with the kiwi being the strongest ccy, but the pound seems to be strengthening again, so it's a tough one to predict.
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if the trendline holds, there is also flag/pennant pattern possible and further continuation of downtrend, so watch the candles :)
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itaskar itaskar
there is monthly hanging man..so this scenario is real
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Possible HAS reverse formation in 1H
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