Bullish Pennant on EUR/USD @ D1
Updated
This chart shows a bullish pennant on the daily chart of the EUR/USD currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (1.02706), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (1.08170), it is placed at the pole's length above the SL. I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Order cancelled
Setup cancelled due to the pattern invalidation.
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