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%
Disclaimer
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.