GBP/NZD Broke Through Wedge: Bearish Signal

26 พ.ย. 2020

For several months now, GBP/NZD has been following a wedge. In the last two days it broke through the lower limit, signaling a bearish move.

Support 1 and Support 2 are areas of potential reversal, especially Support 2. Support 1 at 1.88 is not necessarily an important area, but since the market is very unpredictable 1.88 brings a decent enough R/R. Support 2 has an amazing R/R ratio, but is fairly risky.