NZDCAD, symmetrical triangle
Pair formed a symmetrical triangle this month. Based on the latest candles, it is on consolidation mode waiting for direction. Looks like the move will be explosive. Strong resistance starting 38.2% and support slightly lower of 0.89 area.
RSI formed a rising wedge, which might break as the symmetrical triangle within the triangle also seems to be on the verge of breaking. Nice pair to set pending orders to catch the next trending move.
Happy Trading!
RSI formed a rising wedge, which might break as the symmetrical triangle within the triangle also seems to be on the verge of breaking. Nice pair to set pending orders to catch the next trending move.
Happy Trading!
Penafian
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