RISING WEDGE IN NZDUSD
NDZUSD daily time frame has made a RISING WEDGE, and i think it will broke down soon.
1. Rising wedge has been made.
2. Price go nearly daily resistance.
3. Latest Price in the daily time frame has been bounce off the fibonaci retracement 0.618
So, im thinking that the price will stop near the resistance and broke the RISING WEDGE.
I'm going SHORT in this pair.
Entry : AROUND 0.72900
Stop Loss : AROUND 0.73300
Take Profit : AROUND 0.70150
U'r very welcome to give a comment.
DISCLAIMER ON.
1. Rising wedge has been made.
2. Price go nearly daily resistance.
3. Latest Price in the daily time frame has been bounce off the fibonaci retracement 0.618
So, im thinking that the price will stop near the resistance and broke the RISING WEDGE.
I'm going SHORT in this pair.
Entry : AROUND 0.72900
Stop Loss : AROUND 0.73300
Take Profit : AROUND 0.70150
U'r very welcome to give a comment.
DISCLAIMER ON.
Penafian
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