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NZDUSD Rising Wedge Pattern Breakout

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Dollar New Zealand / Dollar AS (SAXO:NZDUSD)  
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SAXO:NZDUSD   Dollar New Zealand / Dollar AS
Trend Analysis Chart Patterns nzdusdshort nzdusdanalysis nzdusdtrade Rising Wedge wedgebreakout downtrend nzdshort
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trendanalysis chartpattern nzdusdshort nzdusdanalysis nzdusdtrade risingwedge wedgebreakout downtrend nzdshort
The pair is already in a strong downtrend on higher time frames. We are expecting further weakness which is signalled by the breakout of the rising wedge pattern. We can also see the formation of a new low and a breakout of a key level which further supports our directional basis
Komentar:
Price seems to be gaining downward momentum in the direction of the trend
Komentar:
Price has pulled back close to our entry. This is a another chance to enter.
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