Hello, In this post we'll be analyzing NEARUSD on the 4 hours timeframe.
NEARUSD have been playing in this symmetrical for the last 60 days in the 4 hours time frame. The symmetrical triangle is known for being a trend continuing chart pattern. For the potential scenarios here we have two: On the first hand if we break upwards and we confirm it the target price is very high and that will be a big trade. On the second hand if we break downwards that'll be very bearish.
In conclusion remember we can't trade inside a chart pattern we have to wait for a breakout. As of my personal opinion I'm not expecting a breakout before 15-20 days. And I think the first scenario is more likely.
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