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Trader-TO
Jan 28, 2023 12:53 AM

GBPNZD 28-03 [FEB] Analysis - Falling wedge for a 100 pip long Long

British Pound/New Zealand DollarFXCM

Description

This falling wedge formed during the recent 1H uptrend may indicate a long break out of 100 pips. This analysis further supports my earlier monthly analysis of a descending triangle testing 4H support for a potential long.

Comment

It seems PA is already testing the trend line for a possible breakout!

Trade active

Trend broken again and ready for entry

Comment

PA has finally decided to move in the right direction and moving ok so far.

Trade closed: target reached

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