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mohsenfx
Sep 14, 2020 10:45 AM

NZDCHF :last breathes of falling wedge , expecting good profit. Long

New Zealand Dollar/Swiss FrancFXCM

Description

we can see a falling wedge in 4 hour chart , 50% and 61.8% Fibonacci retracement levels are near the price , wedge ends at one of this levels.
also RSI shows us a little trend breakout.
we have to wait for wedge breakout and then the price goes up to 3 targets : last high 0.61800, 0.62200 and the next target is 0.63000.
wait for confirmations and updates.
don't forget to like and leave me a comment if you have any idea on this , thank you.

Comment

Wedge breakout / going for first target.

Comment

Price reached 10 pips below our target , no one can predict exactly what will happen in the market , but analysis worked well!
Comments
maxtonrahman
Nice chart,
mmohsensalimi
.
mohsenfx
@maxtonrahman, thank you☺️
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