EURNZD - Pennant pattern
Possible long
Serious upward movement since couple days ago, and now price tends to consolidate and is making pennant.
According to textbook, it can be a continuation pattern.
From 1D, it also can be a trade channel setup, long at bottom channel.
The best possible is swing setup inside pennant for best RR.
Remember not to risk your trade more than 2%
Serious upward movement since couple days ago, and now price tends to consolidate and is making pennant.
According to textbook, it can be a continuation pattern.
From 1D, it also can be a trade channel setup, long at bottom channel.
The best possible is swing setup inside pennant for best RR.
Remember not to risk your trade more than 2%
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