Bearish Pennant on EUR/NZD @ W1

This long-term bearish pennant on the weekly chart of EUR/NZD provides a bearish breakout trading setup. The pennant and its pole are marked with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. A short trade can be entered once a week closes well below the pennant's lower border.

Handel aktiv:

Short trade entered @ 1.70070 yesterday at 22:46 UTC. SL = 1.73463, TP = 1.62714.

Trade stängt manuellt:

Closed manually today at 9:32 UTC at 1.68426 due to the pattern going obviously too old.