Ascending Channel on NZD/USD @ W1
This ascending channel on the weekly chart of NZD/USD presents an opportunity for a short breakout trade. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Trade active
Breakout trade triggered on Dec 16 at 15:43 UTC at 0.69414; SL = 0.74021; TP = 0.63233.Trade closed: stop reached
SL of 0.75021 hit yesterday at 16:18 UTC.
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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.