Bullish Pennant on NZD/JPY @ H4
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This chart shows a bullish pennant on the 4-hour chart of the NZD/JPY currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (86.376). My potential stop-loss level is marked with the red line (84.974). I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Ordre annulé
Cancelled due to the pattern invalidation.
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