Bearish Pennant on NZD/USD @ D1
A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for the price to close well below the lower border of the pennant area to enter a short position.
Trade aktif
A sell entry was opened on January 1 at 23:00 with the open price of 0.56012.Trading ditutup: stop tercapai
SL reached at 11:31 UTC on January 6.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.