EURNZD trades in ascending triangle pattern; sell opportunity

The EURNZD pair trades in an ascending triangle pattern on intraday chart since 23rd July 2019 .The pair is currently trading near the flat resistance trend line of the pattern at 1.7540. It is widely expected that EURNZD will take a rebound from this resistance trend line and follow a journey towards the ascending trend line. So, the traders are advised to enter a short position once the price takes a pullback from the upper resistance trend line.

Trade Information

Target- 1.7194
Stop Loss- 1.7622