#GBPNZD symmetrical triangle
Updated
In an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern.
In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area.
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In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Note
Price broke the symmetrical triangle to the upside as it was expected.Trade closed: target reached
Price has reached a one-to-one price target projection of symmetrical triangle, very nice trading setup...
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