EURNZD is Forming An Ascending Triangle

The EURNZD is in the process of forming an ascending triangle on the 1H chart. This pair has a 69% success rate on the 1H chart and this ascending triangle pattern has a 80% success rate on all currency pairs our algorithm trades.

We will be buyers of this pair approximately 20 pips above the top line of the triangle. Our profit target will be 250-300 pips while our stop will be 140-180 pips.