The ascending channel on the daily chart of AUD/NZD presents an opportunity for a bearish breakout short position. The channel's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. The stop-loss level is to be set to the high of the breakout candle (not shown on the chart).
Trade closed: stop reached:
SL of 1.09278 reached on September 26 at 18:06 UTC after entering the same day at 01:00 UTC at 1.08624.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/ You will also find useful tools to find, build, and trade similar patterns - all completely free.