bfairbridge

GBPNZD breakout from descending triangle

Short
FX:GBPNZD   British Pound / New Zealand Dollar
WWW.TRADINGVIEW.COM/X/OU8WB6CD/Price action has formed a descending triangle continuation pattern, with the resistance line growing stronger as price has reacted to it on multiple occasions and the support level at 1.76950 being tagged a few times more recently. A doji formed on the 29th and price has reached the 2/3 area of the triangle. Expect a breakout in the downwards direction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.