UnknownUnicorn8106969

NZDJPY Symmetrical Triangle Chart Pattern

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
A symmetrical triangle pattern has emerged, and looks like it is coming close to the end of the chart pattern.

Price has tested the 70.000 key level a few times and bounced back up from it within the current consolidation.

This suggests to me that the price will break out of the consolidation and continue the uptrend.

This could play out to get some big pip gains.
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.