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GBPNZD Wedge Breakout and Long Opportunity Update TP1 Reached
GBPNZD Wedge Breakout and Long Opportunity
Description: We have published our setups and levels to add long on GBPNZD before. We have another long opportunity which can be used for scalping purposes. The pair is printing a wedge pattern on H1 Chart. Add long as:
Time Frame: H1
Trade Period: Midterm
If the pattern becomes validated estimated completion time: 2-30 H1 Candle Sticks
The trend in the Timeframe: Neutral
The trend in the Daily Chart: Bullish
Trade Based On Bullish Wedge Breakout
The accuracy of the pattern: 96 %
Recommended Lot Size: 0.10 at 10K
Trade: Long
The Area Of The Entry: 1.89200
Stop Loss: 1.88900
Target 1: 1.89500 / TP1 Reached
Target 2: 1.89800
Target 3: 1.90200
You can view the setup: GBPNZD Wedge Breakout
Previous GBPNZD setups to follow:
GBPNZD Bearish Cypher Pattern and Long Opportunity
GBPNZD Potential Bullish Bat and Long Opportunity
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
GBPNZD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
