Bearish Pennant on NZD/USD @ D1

2024年12月28日

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.

1月2日

交易進行

A sell entry was opened on January 1 at 23:00 with the open price of 0.56012.

1月6日

交易結束：達到停損點

SL reached at 11:31 UTC on January 6.