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.
Transaction en cours
A sell entry was opened on January 1 at 23:00 with the open price of 0.56012.Trade fermée: ordre d’arrêt atteint
SL reached at 11:31 UTC on January 6.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.