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EURNZD Breaks Wedge Support, Targets 1.5840
Terminal patterns are a great foundation for any technical trading strategy for a variety of reasons. But one characteristic I’m always most attracted to is the idea that they must eventually produce an opportunity. Unlike other patterns that may or may not offer an actionable setup, wedges always provide an opportunity regardless of the level that breaks. Take EURNZD as an example. Just last week I commented on the wedge pattern that had been developing since April of last year. At the time of that post, it looked as though the pair would break to the upside given the recent bullish momentum. Fast forward to today ... (full story)
