Descending Triangle

 On this daily usddkk chart we see a descending triangle.

Price is respecting the upper and lower resistance lines and nearing the appex.

The level of the support is 6.7800

The level of resistance is 6.8900

Normally a descending triangle means an outbreak to the downside.

I advise to wait for a close below support or over the resistance and trade in the same direction of the outbreak.

As a guideline for a profit target you might take the hight of the pattern 160 pips and plot it at the area of the outbreak.

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