EUR/NZD Is Forming a Triangle on the Daily and Weekly Time Frames, which Is a Signal for a Good Profit

I really love triangles, because they are patterns the limit of which is easy to figure out after a breakout.
One such triangle, which in my opinion is a good idea to observe, seems to be forming on the daily time frame of EUR/NZD. The same pattern is also visible on the weekly time frame.

Of course, before we can trade that triangle we will have to wait for a breakout in either direction, but that alone is not enough. Usually, when we have a triangle and a breakout, the pair retraces back to the breakout to test that level before continuing in the direction of the breakout and that is the best moment to open a new position.

If we watch the EUR/NZD pair and wait until this moment we will have the chance to trade at least 140 pips, i.e. the height of this triangle starting from the breakout level.