albert.callisto
Long

CZKPLN hourly - symmetric triangle in formation?

FX_IDC:CZKPLN   CZECH KORUNA / ZLOTY
25 1 0
On hourly chart of this exotic pair, we see the last green candle wicks did not manage to pass over a descending trend. This slope has the same magnitude as the slope from the bottom of the candles before the jump of Friday. These two lines form a symmetric triangle where the PA may evolve for a day or two. In case of breakthrough of the upper side of the triangle, the price may head towards some higher Fibo levels (> 1).
Comment: Will it bounce against the intersection of my trend lines?
Comment: No, definitely flat.
No correction, sideways PA
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