The current AUD/NZD uptrend is traced back to June 26. It was interrupted by just one significant consolidation before — back in late July. The current ascending triangle on the 4-hour timeframe is a classic example of such patterns with a horizontal resistance level and a
The triangle is delimited with the yellow lines on the image below. The cyan line marks my potential entry point and is positioned at 10% of the triangle’s height (at base) above the upper border. The green line is placed at 100% of the same distance and will serve as my
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