NZDUSD - Reversing ascending triangleNew Zealand Dollar / U.S. DollarFOREXCOM:NZDUSDCyberFxTraderThe idea here is to use yesterday's ascending triangle as a reversal today. The arrows pointing down vertically are the major points where the ascenders of the markets failed and descenders take over. Now into a new day, price broke below yesterday's structure, and if momentum remains strong, chances will be that price is going to push at least down to the bottom edge of the triangle which is where take profit will be placed. Sell limit will be placed above the most recent structure prior to price breaking below triangle while stop loss is placed above substructure.