Ascending Channel on NZD/USD @ W1

This ascending channel on the weekly chart of NZD/USD presents an opportunity for a short breakout trade. The pattern'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. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).

Trade active:

Breakout trade triggered on Dec 16 at 15:43 UTC at 0.69414; SL = 0.74021; TP = 0.63233.

Trade closed: stop reached:

SL of 0.75021 hit yesterday at 16:18 UTC.