GBPNZD breakout from descending triangle

2 thg 10, 2016

HTTPS://WWW.TRADINGVIEW.COM/X/OU8WB6CD/Price action has formed a descending triangle continuation pattern, with the resistance line growing stronger as price has reacted to it on multiple occasions and the support level at 1.76950 being tagged a few times more recently. A doji formed on the 29th and price has reached the 2/3 area of the triangle. Expect a breakout in the downwards direction.