Trade Plan (Pending): Selling NZD/CAD at 0.8283

NZD/CAD is moving higher within an Expanding Wedge pattern. This formation has an eventual bias to break to the downside. Bespoke resistance is located at 0.8283. This level has been pivotal through November. We will see the completion of a butterfly formation at 0.8287. Trendline resistance is currently located at 0.8296.
Selling at bespoke resistance with a stop loss above the trend of higher highs targeting the previous swing low offers a risk-reward factor of 3.41.
SL: 0.8300
TP1: 0.8225
R Rate 3.41
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