nikitafen46

EURNZD 4h Triangle Structure

FX:EURNZD   Euro / New Zealand Dollar
I have something resembling a symmetrical triangle, but it's not confirmed yet.

Firstly, the support and resistance trendlines only have 2 points, which means they aren't validated at all. By only trading validated trendlines and zones with more than 3 points, one can increase their success ratio.

If price falls from where it is now to the support and bounces from the support trendline , we will have a valid symmetrical triangle setup. If not, I will have to look elsewhere for my trade.

No need to be hasty, be patient instead.
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