wave_pattern_trader

NZDJPY ASCENDING TRIANGLE

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
from the ascending triangle it shows that ears are gradually loosing strength and the market is likely to go long till it reaches the 70.13 level.. price is presently below the resistance level of 65.75 we expect one more down before price breaks this level..due to the fact that it is a triangle formation you can still expect price to break out from any direction. be ready to trade both ways
Comment:
bears**

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