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glennmercer

GBPNZD Long: Potential Triangle/Channel Breakout

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Libra Esterlina/Dólar Neo-Zelandês (FX:GBPNZD)  
glennmercer Atualizado   
FX:GBPNZD   Libra Esterlina/Dólar Neo-Zelandês
expandingtriangle Broadening Wedge Triangle reversal Ascending Triangle Parallel Channel breakout Bat Bullish Bat
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expandingtriangle broadeningwedge triangle reversal ascendingtriangle parallelchannel breakout batpattern bullishbat
Price is in the potential reversal zone for a weekly bullish bat and at point E of an expanding wedge. If price breaks out of the ascending triangle (usually a continuation pattern and sometimes a reversal pattern) it may act as a catalyst to break out of the ascending channel as well. This could mark a large reversal toward the top of the expanding wedge. Keep an eye out for price action if the triangle is broken!
GM
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