NZDUSD Double LONG

11. Mai 2020

My strategy remains the same, found a triangle and placed my bounding lines, proceeded to locate the support and resistance points, a breakout occurred, and accepted through 2 resistance points and got rejected on the last. Fortunately working with the triangle formula so many times I picked up on a trend iv seen before, basically after the price breaks out of a triangle form, it will be rejected by a few past support/resistance line then reverse and test the support/resistance line of the triangle it broke out off.

11. Mai 2020

Anmerkung

First part of the prediction is done, expected a small downfall first to the support line then a rejection to take place to enter the Trade