The bullish pennant on the daily chart of GBP/NZD offers an upside breakout opportunity. The pennant's borders and its pole are marked with the yellow lines. My potential entry point is at the cyan line. My potential take-profit level is at the green line. I will set the stop-loss order to the low of the breakout bar (not shown).
Long entry triggered today at 1:22 UTC at 1.78266 with SL = 1.75177 and TP = 1.87291.
Trade closed: stop reached:
Stop-loss @ 1.75177 triggered at 23:41 UTC on Nov 28.
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.