A clear ascending triangle is developing on the 4H chart for EURNZSD
Usually ascending triangles breakout higher, but we will wait for confirmation of a breakout in either direction before entering a long-term trade.
In the short-term price is bouncing higher from the low of this triangle for a nice long towards the top of the triangle.
Usually ascending triangles breakout higher, but we will wait for confirmation of a breakout in either direction before entering a long-term trade.
In the short-term price is bouncing higher from the low of this triangle for a nice long towards the top of the triangle.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.