GBPNZD rising wedge breakout

Bearish: We are currently @ 2.0040 trying to break out of the rising wedge. IF we break, are looking for a continuation to the ATR target @ 1.9811. Watch for a hard bounce there. Below today's target there is a huge opportunity if we can navigate through it. Watch the USDX for direction. The ATR for the pair currently is 169 pips per day.



Posted to Introduction to Forex Targe… on Aug 18, 2020 — 8:08 AM

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Great weekly analysis, very useful and educational.
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