Bullish breakout upon us?

Bullish breakout upon us?


This pair has been ranging for weeks now, but recent price action has created a triangle formation with price grinding along resistance.

I expect a bullish breakout, targeting fib extensions 127% and 168.1%.
Supporting criteria:

  • 10, 20 and 50EMAs sloping upwards
  • ADX sloping upwards and above 20
  • RSI barely overbought