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AndriyMoraru

Bullish Pennant on CAD/JPY @ D1

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
AndriyMoraru Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns Pennant Bullish Pennant breakout consolidation patterntrading
1
0
chartpattern pennant bullishpennant breakout consolidation patterntrading
The bullish pennant on the daily chart of CAD/JPY can be used for trading an upside breakout. The pennant and its pole are marked with the yellow lines. My potential entry level is a the cyan line. My potential take-profit level is at the green line. I will set the stop-loss to the low of the breakout candle (not shown).
Trade active:
Buy opened @ 84.654 today at 13:44 UTC, SL=84.262, current TP=86.412.
Trade closed: stop reached:
SL @ 84.262 triggered today at 01:00 UTC.
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