ElemontFX
Long

EURNZD Ascending Triangle

FX:EURNZD   Euro Fx/New Zealand Dollar
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.
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