Ascending Channel on NZD/JPY @ H4

FX:NZDJPY   New Zealand Dollar / Japanese Yen
The ascending channel pattern on H4 chart of NZD/JPY shows a potential for a bearish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - with cyan line. My potential profit exit level - with green line. Stop-loss is to be set to the high of the breakout bar (not shown).

More information, chart template, and free EA             to automatically trade this pattern on
Comment: Entered a short trade using stop-order on strong breakout at 00:25 UTC today.
Trade closed: target reached: Take-profit reached at 20:11 UTC the same day.
You can find a lot of detail about my trading ideas in my blog - You will also find useful tools to find, build, and trade similar patterns - all completely free.
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