GBPNZD Triangle Pattern with Ghost Feed and Buy Setup.

٢٢ نوفمبر ٢٠٢٠

Hi traders, I came across this triangle setup which might be looking to make a breakout to the upside to start a new uptrend. So far the pair in in a descending triangle pattern looking to build momentum to break the resistance of the triangle after multiple rejections of the support zone below the triangle at 1.90170. The ghost feed shows how I think the market is likely to play out and I plan to enter at the retest of the triangle. Let's see how it plays out.

Thanks for viewing.
Disclaimer: Analysis is subject to market changes.