NZDUSD bullish wedge at potential breakout support, Part 2

2019년 4월 29일

We caught the low of that dump past 2 weeks and have been in the V shape rally since. Target of the wedge was reached, where i suggested to take some profit or use a partial tight stop, thinking the green line might happen. Well it did but it was a wick down and up again. Now we have reached a bigger resistance zone. Not to give away the great profit, i would use at least for half a stop if that blue zone breaks. We could see something like the blue line on the left happen. To prevent from giving away the profits if that blue line fails, think it's best to take some profits and wait for this bull flag to play out and re enter again.

The 0.673ish won't be an easy one to reach, but the start is there for sure with the V shape.


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