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.
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.
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