glennmercer
Long

GBPNZD Long: Potential Triangle/Channel Breakout

FX:GBPNZD   British Pound/New Zealand Dollar
5 months ago
Price is in the potential reversal zone for a weekly bullish bat and at point E of an expanding wedge. If price breaks out of the ascending triangle (usually a continuation pattern and sometimes a reversal pattern) it may act as a catalyst to break out of the ascending channel as well. This could mark a large reversal toward the top of the expanding wedge. Keep an eye out for price action if the triangle is broken!
GM
5 months ago
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