Rising Wedge on NZD/USD

Rising Wedge on NZD/USD

Currently, the bullish sentiment prevails on NZD/USD. At the same time, in the near future, we do not exclude the technical correction. On the trading instrument, the classic figure of the technical analysis, Ascending wedge, (M30 timeframe) was formed, which often acts as a reversal formation. We recommend you to pay attention to this situation.

If the price fixes below the local support of 0.74200, it is necessary to consider sales of NZD/USD. The closest target for profit taking is the 0.73750 mark. When tracking the position, we recommend using a trailing stop.

by JustForex, 2017.07.21

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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