DESCENDING TRIANGLE NZD/USD H4
Updated
NZDUSD is consolidating after a dive downwards. The pause has formed a descending triangle. Although this has a higher tendency of diving lower, experience has shown that descending triangles can reverse. However stochastic and divergence seem to be in support of the lower dive.
Trade active
Best time to get in guys. We have just broke below our descending triangle. Short trade active.
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