Parallel channel -Triangle pattern in NZDUSD
Updated
Price trading inside a channel and presently forming a triangle pattern inside the channel. One can expect a small rejection as the price reaches the top of the triangle.
One can go long when price reaches the channel bottom for the target of channel top with small stop loss or wait for the reversal confirmation before going long.
One can go long when price reaches the channel bottom for the target of channel top with small stop loss or wait for the reversal confirmation before going long.
Trade closed: target reached
Reached the channel top
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