jetly232

Ascending channel - Sell

Short
FX:EURNZD   Euro / New Zealand Dollar
Long term trend - Short
Nature - Corrective Phase
Pattern - Ascending channel
Stoploss - 50 pips
Risk: Reward - 1:6

Ascending channel is a reversal pattern thats highly suggestive of a change in trend from long to short

Trade closed manually: did not get triggered into the trade.
Looking to enter again short as the price is forming a bear flag.

Happy that the trade went in the forecasted direction

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