Ascending Channel on AUD/NZD @ D1

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.