DESCENDING TRIANGLE NZD/USD H4

NZDUSD is consolidating after a dive downwards. The pause has formed a descending triangle. Although this has a higher tendency of diving lower, experience has shown that descending triangles can reverse. However stochastic and divergence seem to be in support of the lower dive.

Transaction en cours:

Best time to get in guys. We have just broke below our descending triangle. Short trade active.