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TheTradersAvenue
Dec 9, 2022 9:32 AM

EURNZD > A Nice Triangle Pattern, Breakout Soon? 

Euro Fx/New Zealand DollarFXCM

Description

Analysis of #EURNZD

Hi traders, today we will have a look at #NZDCAD


The EURNZD forms a nice triangle pattern, as you can see we have multiple touches on each side.

one way to trade this pattern is too to trade the consolidation inside the trendlines, the other way is to wait for a breakout and trade in the direction of the breakout, which is what I like to do.



I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!
Comments
AtlasTrades
I love this method, thank you for great EURNZD idea !
YMGroup
I am totally agree with your EURNZD idea, It's good plan
Solldy
Good description of the idea and technical analysis of the chart! Checked the cluster analysis and do not doubt the idea) Already waiting for the exact workout.
UnknownUnicorn15614419
This is probably the best publication on this asset in the current market sentiment + I've seen a couple of news that would also support this idea. It would be interesting to know in what order you parse the asset for this idea
TheNewsCrypto
Keep Up The Good Work
HAMED_AZ
Nice one
Michael_Winner
Definitely on a great EURNZD chart brother
JoeChampion
Awesome work, i agree on the downsides!
Tolberti
It looks like a breakdown, thanks for sharing! Good job done.
Gold-Tech
Great idea, I like your chart
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