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joshocean1

EUR/NZD: Bearish Symmetrical Triangle (active)

Short
Euro / New Zealand Dollar (FX:EURNZD)  
joshocean1  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns EURNZD eurnzdshort trianglebreak 4h 4hrchart chartpatterntrading Symmetrical Triangle
3
0
trendanalysis chartpattern eurnzd eurnzdshort trianglebreak 4h 4hrchart chartpatterntrading symmetricaltriangle
UPDATE

Just a few days ago we had a textbook Descending Triangle Pattern.

If using partial Take Profits (TP1 at triangle height, TP2 is trailing stop loss with MA50), the 2nd position would still be running on this pair and adding another short would be questionable (depending on your trading plan, position size, currency exposure acceptance)

Currently we are active in a Bearish Symmentrical Triangle.
  • TP at triangle height.
  • SL above last swing high.

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