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Ryan_lopes

Descending triangle pattern in NZDJPY

Dolar New Zealand / Yen Jepun (OANDA:NZDJPY)  
Ryan_lopes  
OANDA:NZDJPY   Dolar New Zealand / Yen Jepun
Trend Analysis Chart Patterns NZD jpy NZDJPY
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1
trendanalysis chartpattern nzd jpy nzdjpy
AS per H1 the pair is in descending triangle pattern and is close to its support level . Our analysis is that the pair will hit the support line in H1 and then break the triangle pattern and move upwards. As we can see in D1 (link in description) the pair is going in descending broadening pattern and the pair is respecting every support and resistance points inside that channel. Currently the pair hit the support line and started going up. One can take a buy call from here
Let us know your views guys Thank you.
Ryan.R.Lopes
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