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AndriyMoraru

Ascending Channel on NZD/JPY @ H4

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
AndriyMoraru Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Ascending Channel Parallel Channel Harmonic Patterns NZDJPY h4
1
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ascendingchannel parallelchannel harmonicpatterns nzdjpy h4
The ascending channel pattern on H4 chart of NZD/JPY shows a potential for a bearish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - with cyan line. My potential profit exit level - with green line. Stop-loss is to be set to the high of the breakout bar (not shown).

More information, chart template, and free EA to automatically trade this pattern on
www.earnforex.com/bl...hort-term-h4-nzdjpy/
Comment:
Entered a short trade using stop-order on strong breakout at 00:25 UTC today.
Trade closed: target reached:
Take-profit reached at 20:11 UTC the same day.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.
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