Muzi_muz

NZDUSD Double LONG

Long
Muzi_muz Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
My strategy remains the same, found a triangle and placed my bounding lines, proceeded to locate the support and resistance points, a breakout occurred, and accepted through 2 resistance points and got rejected on the last. Fortunately working with the triangle formula so many times I picked up on a trend iv seen before, basically after the price breaks out of a triangle form, it will be rejected by a few past support/resistance line then reverse and test the support/resistance line of the triangle it broke out off.
Comment:
First part of the prediction is done, expected a small downfall first to the support line then a rejection to take place to enter the Trade
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