EURNZD’s price has been caught within a descending triangle on the H4 chart. The price has respected both the upper and lower band on two occasions. Today’s price action has been bullish. At the current price, is in the middle of the triangle. The price action suggests that there is a little space towards the upside for the price to travel.
A question may be raised here whether the price makes an upside breakout or a downside breakout? Let us have a poll on this.
Scenario 1: The price will make an upside breakout to head towards the North.
Scenario 1: The price will make a downside breakout to head towards the South.
