gurjot_galwatti

gurjot_galwatti

There is the formation of a descending triangle pattern in a daily time frame chart of EURNZD. The pair has just breached the downward trend line after taking multiple bounces around the area of 1.73 level that is acting as strong support. Therefore, the pair is likely to sustain the breakout of pattern in subsequent trading sessions. A trader can do the entry for...

gurjot_galwatti

There is a formation of a falling wedge pattern in CADJPY in a weekly time frame chart. This pattern can be drawn by joining lower highs and lower lows, and one can enter into a long position provided pair gives weekly closing above lower highs with 78.105 as a stop-loss. On a strong breakout, the pair will hit 85.884 as a first target and 90.143 as a second target.