Ascending channel - Sell

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


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.