Ascending Channel on NZD/JPY @ H4
The ascending channel pattern on H4 chart of NZD/JPY shows a potential for a bearish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - with cyan line. My potential profit exit level - with green line. Stop-loss is to be set to the high of the breakout bar (not shown).
More information, chart template, and free EA to automatically trade this pattern on
earnforex.com/blog/ascending-channel-on-short-term-h4-nzdjpy/
More information, chart template, and free EA to automatically trade this pattern on
earnforex.com/blog/ascending-channel-on-short-term-h4-nzdjpy/
Note
Entered a short trade using stop-order on strong breakout at 00:25 UTC today.Trade closed: target reached
Take-profit reached at 20:11 UTC the same day.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.