FX:GBPNZD   Britisches Pfund / Neuseeländischer Dollar
Ascending broadening wedge
around 70% of the time,
the price breaks to the downside.
and only 30% to the upside.

keep in mind that a Ascending
Broadening wedge have a significant
failure rate. and textbooks
advice to only trade in a breakout of
the resistance line.

I will short the price. because of more than
one technical analysis indicate, that the price
will break under the support line.
one hour chart, a H&S formation
In the ascending broadening wedge ,
Correctional waves have been made
After a longer period of drawdown ( see one week chart)


i am referring to my weekly chart
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