NZDJPY Triangle Trade

NZDJPY H1

Pair is making out a triangle on hourly timeframe.

Near to upper trendline comes 200EMA which has been resistance-turned-support. A break above this 200EMA and upper trendline should send the pair higher.



Currently price is coming down after testing 100EMA. Looks like a down break of triangle is coming. On a break on lower side, lows of last week comes into picture. 

My strategy is to short the pair as-near-as possible to 200EMA, near the upper trendline.